Today Jones announced that it will cut its next annual dividend (due in 1 year) from $5 to $4.20 per share and use the extra funds to expand its operations. Prior to the announcement, Jones' dividends were expected to grow at a 4% rate per annum, and its share price was $50. With the new expansion, Jones dividends are expected to grow at a 7% rate per annum. Find Jones' share price following this announcement