Cooperton Mining just announced it will cut its dividend from $4.82 to $2.72 per share and use the extra funds to expand. Prior to the announcement, Cooperton's dividends were expected to grow at a 2.8% rate, and its share price was $48.11. With the new expansion, Cooperton's dividends are expected to grow at a 5.1% rate. What share price would you expect after the announcement? (Assume Cooperton's risk is unchanged by the new expansion.) Is the expansion a positive NPV investment? What share price would you expect after the announcement? The equity cost of capital is \%. (Round to two decimal places.)