Alphabet (GOOGL) has yet to pay a dividend, but in spring 2018 it announced it would repurchase

 

$9.6

 

billion worth of shares over the year. (Actually, the exact amount was

 

$9,589,869,056known

 

as a "perfect" number because it is equal to the sum of its divisors). If the amount spent on share repurchases were expected to grow by

 

5.6%

 

per year, and Alphabet's equity cost of capital is

 

4.6%,

 

estimate Alphabet's market capitalization. If Alphabet has

 

930

 

million shares outstanding, what stock price does this correspond to?

 

What is the share price?