Cooperton Mining just announced it will cut its dividend from S4.00 to $2.50 per share and use the extra funds to expand. Prior to the announcement, Cooperton's dividends were expected to grow at a 3 0% rate, and its share price was S 50 00 With the planned expansion, Cooperton's dividends are expected to grow at a 5 0% rate. What share price would you expect after the announcement? (Assume that the new expansion does not change Cooperton's risk.) Is the expansion a good investment? The new price for Cooperton's stock will be S(Round to the nearest cent.)