Suppose Amazon.com Inc. pays no dividends but spent $2.85 billion on share repurchases last year. If Amazon's equity cost of capital is 7.9%, and if the amount spent on repurchases is expected to grow by 6.4% per year, estimate Amazon's market capitalization. If Amazon has 451 million shares outstanding, what stock price does this correspond to?

Estimate Amazon's market capitalization. Amazon's market capitalization is _________billion. (Round to two decimal places.)

If Amazon has 451 million shares outstanding, what stock price does this correspond to?

The stock price per share is ________ (Round to the nearest cent.)