Suppose Amazon.com Inc. pays no dividends but spent $2.88 billion on share repurchases last year. If Amazon's equity cost of capital is 7.8%, and if the amount spent on repurchases is expected to grow by 6.1% per year, estimate Amazon's market capitalization. If Amazon has 457 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 457 million shares outstanding, what stock price does this correspond to? (Round to two decimal places.)