Currently, the market projects that HG Inc will have earnings and dividends in the coming year given by EPS1 = $3.00 Div1 = $1.50 Given these projections, the expected return on equity for HG Inc is rE= 7.5% and price per share P0 = $46.15. You advise HG inc to cut its dividend to Div1=$1.00. Assuming the expected return on equity rE and the return on investment rROI remain unchanged under this new policy, the new price per share for HG stock is closest to a. $54.55 b. $30.77 c. $75.25 d. $81.82