Oswego Plumbing Works (ticker: OPW) just announced that it will cut next year's dividend, D1, from $2.75 to $1.00 per share and the firm will use the extra funds to expand operations. Prior to this announcement, OPW's dividends were expected to grow at 6% per year and OPW's common stock was trading at a price of $24.50/ share. With the new expansion, OPW's dividends are expected to grow at 12% per year indefinitely. Assuming the overall risk of the firm is unchanged by this expansion, the value of one share of OPW after the announcement is closest to: A. $19.14 B. $8.91 C. $52.64 D. $24.50