RN Enterprises just announced that it plans to cut its dividend from $2.00 to $1.20 per share and use the extra funds to expand its operations. Prior to this announcement, JR's dividends were expected to grow at 3% per year and JRN's stock was trading at $26.00 per share. With the new expansion RN's dividends are expected to grow at 6% per year indefritely. Assuming that JRN's nsk is unchanged by the expansion, the value of a share ofJRN after the announcement is closest to: O A. $25.58 B. S26.00 ? C. $42.63 OD. $15.60