Suppose Compco Systems pays no dividends but spent $4.96 billion on share repurchases last year. If Compco's equity cost of capital is 11.9%, and if the amount spent on repurchases is expected to grow by 8.3% per year, estimate Compco's market capitalization. If Compco has 6.9 billion shares outstanding, to what stock price does this correspond? Compco's market capitalization will be $ billion. (Round to two decimal places.)