Woolworths announces that it will cut its next dividend (that will be paid in one year) from $1.00 to $0.50 per share and use the extra funds to expand. Prior to this announcement, dividends were expected to grow at a 2% rate, and its share price was $12.50. With the expansion, Woolworth's cost of equity capital will not change, but dividends are expected to grow at a 5% rate. What is your estimate of their share price following this announcement? Is this a positive NPV project for Woolworths? O (a) $10; Yes, it is a positive NPV project O (b) $10; No, it is a negative NPV project O (c) $15: Yes, it is a positive NPV project (d) $8: No, it is a negative NPV project O (e) $12: Yes, it is a positive NPV project