P9-16 (similar to) Alphabet (GOOGL) has yet to pay a dividend, but in spring 2018 it announced it would repurchase $8.5 billion worth of shares over the year. (Actually, the exact amount was $8,589,869,056-known as a "perfect number because it is equal to the sum of its divisors) If the amount spent on share repurchases were expected grow by 6.8% per year, and Alphabet's equity cost of capital is 7.6%, estimate Alphabet's market capitalization. If Alphabet has 691 million shares outstanding, what stock price does this correspond to? The share price is $. (Round to the nearest cent.)