Suppose Cisco Systems pays no dividends but spent $5.19 billion on share repurchases last year. If Cisco's equity cost of capital is 11.8%, and if the amount spent on repurchases is expected to grow by 7.2% per year, estimate Cisco's market capitalization. If Cisco has 6.7 billion shares outstanding, to what stock price does this correspond? What is the total payout next year in billions?