Question 8 (1 point)

Censorbook Inc, the online social media company, pays dividends annually and has an active share repurchase program. Censorbook makes all of its payouts at the end of each year and its year-end was yesterday. Censorbook has 1.10 billion shares outstanding, its shareholders require a return of 8.9% and analysts expect its payouts to grow in perpetuity at an annual rate of 2.85%. If today's stock price is $57.00, then what level of total payouts (one year from today) are priced into the stock? (The next payout will occur in one year.) Express your answer in billions of dollars rounded to two decimals.