The other problem with cutting the cable and putting a new end on is that the wire will be too short with respect to the housing and you may find the clutch is dragging because you're not getting enough cable pull (ask me how I know). Also, any time you need to replace the cable you'll have to do the cutting and resoldering again.
Far better to just drill out the lever and use a standard cable as Kenny suggests. That's what I ended up doing.
Debby