Suppose Amazon pays no dividends but spent $5 billion on share repurchases last year. If Amazons equity cost of capital is 12%, and if the amount spent on repurchases is expected to grow by 8% per year, estimate Amazons market capitalization. If Amazon has 6 billion shares outstanding, what stock price does this correspond to?

**please list out step by step actions, please show the formulas used, please DONT USE excel**