Suppose Amazon.com Inc. pays no dividends but spent $ 3.18 billion on share repurchases last year. If Amazon's equity cost of capital is 7.7 %, and if the amount spent on repurchases is expected to grow by 6.4 % per year, estimate Amazon's market capitalization. If Amazon has 426 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 426 million shares outstanding, what stock price does this correspond to?

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