Cooperton Mring just announced it will cut its dividend from $4.14 to $2.62 per share and use the extra funds to expand: Prior to the announcement, Coopenton's dividends were expected to grow at a 3.4\% rate, and its share price was $51.76. With the planned expansion, Cooperton's dividends are expected to grow at a 4.8% rate. What share price would you expect after the announcement? (Assume that the new expansion does not change Cooperton's risk.) is the expansion a good imestreent? The new price for Coopentors stock will be 1 (Round to the nearest cent.)