Suppose Amazon.com Inc. pays no dividends but spent $2.94 billion on share repurchases last year. If Amazon's equity cost of capital is 7.5%, and if the amount spent on repurchases is expected to grow by 6.7% per year, estimate Amazon's market capitalization. If Amazon has 446 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 446 million shares outstanding, what stock price does this correspond to? The stock price per share is $(Round to the nearest cent.) Enter your answer in each of the answer boxes. D * ENG 11:29 AM 2020-06-18