Alphabet (GOOGL) has yet to pay a dividend, but in spring 2022 it announced it would repurchase

$70 billion worth of shares over the year. If the amount spent on share repurchases were expected to grow by 4% per year, and Alphabet’s equity cost of capital is 9%, estimate Alphabet’s market capitalization. If Alphabet has 660 million shares outstanding, what stock price does this correspond to?

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