Suppose Compco Systems pays no dividends but spent $ 4.91

$4.91 billion on share repurchases last year. If Compco's equity cost of capital is 12.3 %

12.3%, and if the amount spent on repurchases is expected to grow by 7.8 %

7.8% per year, estimate Compco's market capitalization. If Compco has 6.7

6.7 billion shares outstanding, to what stock price does this correspond?

Compco's market capitalization will be $

billion.(Round to two decimal places.)