Oswego Plumbing Works (ticker: OPW) just announced that it will cut next year's dividend, D., from $2.00 to $1.10 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 4% 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 8% 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. $26.42 OB. $24.50 C. $13.48 D. $48.04