Cooperton Mining just announced it will cut its dividend from $4.00 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 $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? CSH has EBITDA of $5 million. You feel that an appropriate EV/EBITDA ratio for CSH is 9. CSH has $7 million in debt, $4 million in cash, and 700,000 shares outstanding. What is your estimate of CSH's stock price? Next year, BHH Co. is expected to pay a dividend of $3.03 per share from earnings of $4.87 per share. The equity cost of capital for BHH is 11.5%. What should BHH's forward P/E ratio be if its dividend growth rate is expected to be 4.3% for the foreseeable future