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I'll make sure to rate you Suppose Compco Systems pays no dividends but spent $5.08 billion on share repurchases last year. If Compco's equity cost

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I'll make sure to rate you

Suppose Compco Systems pays no dividends but spent $5.08 billion on share repurchases last year. If Compco's equity cost of capital is 12.1%, and if the amount spent on repurchases is expected to grow by 7.6% per year, estimate Compco's market capitalization. If Compco has 5.7 billion shares outstanding, to what stock price does this correspond? Compco's market capitalization will be $ billion. (Round to two decimal places.)

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