Question: please help i will upvote! Cooperton Mining just announced it will cut its dividend from $3.92 to $2.65 per share and use the extra funds

please help i will upvote! please help i will upvote! Cooperton Mining just announced it will cut

Cooperton Mining just announced it will cut its dividend from $3.92 to $2.65 per share and use the extra funds to expand. Prior to the announcement, Cooperton's dividends were expected to grow at a 3.4% rate, and its share price was $51.84. With the planned expansion, Cooperton's dividends are expected to grow at a 4,6% 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 bes (Round to the nearest cent.)

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