Cooperton Mining just announced it will cut its dividend from $4.15 to $2.48 per share and use the extra funds to expand. Prior to the announcment, Cooperton dividends were expected to grow at a 3.3% rate, and its share was $50.77. With the planned expansion, Cooperton's dividends are expected to grow at a 4.9% rate. what share price would you expect after the announcement?(Assume that the new expansion does not change Coopertons risk.) Is the expansion a good investment? (Round to nearest cent)