Cooperton Mining just announced it will cut its dividend from $4.19 to $2.64 per share and use the extra funds to erpand. Ptior to the announcomont Cospeton's cividends inets expected bo grw it a 3.1% rate, and its share price was $48.32. With the planned expansion, Cooperton's dividencs are expected to grow at a 4.91 mate. What share pros would you eupect afler the announcement? (Assume that the new expansion does not change Cooperten's risk.) is the expansion a good investment? The new price for Cooperton's stock wili bes (Round to the nearest cent)