Cooperton Mining just announced it will cut its dividend from $$3\mathrm{.}88$ to $$2\mathrm{.}59$ per share and use the extra funds to expand. Prior to the announcement, Cooperton's dividends wereCX Enterprises has the following expected dividends: $$1\mathrm{.}03$ in one year, $$1\mathrm{.}18$ in two years, and $$1\mathrm{.}25$ in three years. After that, its dividends are expected to grow at $4\mathrm{.}4\%$ per yearZoom Enterprises expects that one year from now it will pay a total dividend of $$5\mathrm{.}0$ million and repurchase $$5\mathrm{.}0$ million worth of shares. It plans to spend $$10\mathrm{.}0$ million on dividendsZoom Enterprises expects that one year from now it will pay a total dividend of $$5\mathrm{.}0$ million and repurchase $$5\mathrm{.}0$ million worth of shares. It plans to spend $$10\mathrm{.}0$ million on dividends

and repurchases every year after that forever, although it may not always be an even split between dividends and repurchases. If Zoom's equity cost of capital is $13\mathrm{.}0\%$ and it has

$5\mathrm{.}0$ million shares outstanding, what is its share price today?

The price per share is $$.($Round to the nearest cent.$)$

and repurchases every year after that forever, although it may not always be an even split between dividends and repurchases. If Zoom's equity cost of capital is $13\mathrm{.}0\%$ and it has

$5\mathrm{.}0$ million shares outstanding, what is its share price today?

The price per share is $$.($Round to the nearest cent.$)$

forever $($so that year $4\text{'}$s dividend will be $4\mathrm{.}4\%$ more than $$1\mathrm{.}25$ and so on$).$ If CX$\text{'}$s equity cost of capital is $11\mathrm{.}6\%,$ what is the current price of its stock?

The price of the stock will be $$.($Round to the nearest cent.$)$

expected to grow at a $3\mathrm{.}1\%$ rate, and its share price was $$48\mathrm{.}96.$ With the planned expansion, Cooperton's dividends are expected to grow at a $4\mathrm{.}7\%$ rate. What share price woul

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 $$.($Round to the nearest cent.$)$