help soon please

Oiwego Plumbing Works (ticker. OPW) just announced that it will cut neot year's dividend, D, from $2.00 to $1.20 per share and the fim will use the extra funds fo expand operations. Prior to this announcemert, OPW's dividechs were expected to grow at 3% per year and OPWs common stock was trading at a price of $24.50 ishare. With the new expansion, OPW/s dividends are expected to grow at 6% per year indefintely. Assuring the overal risk of the frm is unchanged by this expansion, the value of one share of OPW after the announcement is closest to: A. 523.24 B. $1470 C. $24.50 D. 53574