JRN Enterprises just announced that it plans to cut its next-year dividend, D. from $2.75 to $1.50 per share and use the extra funds to expand its operations. Prior to this announcement, JRN's dividends were expected to grow at 6% per year and JRN's stock was trading at $24.00 per share. With the new expansion, JRN'S dividends are expected to grow at 12% per year indefinitely. Assuming that JRN's risk is unchanged by the expansion, the value of a share of JRN after the announcement is closest to O A $27.48 O B. $24.00 OC. $50.38 OD. $13.09