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Suppose Compco Systems pays no dividends but spent $ 5 . 1 1 billion on share repurchases last year. If Compco's equity cost of capital

Suppose Compco Systems pays no dividends but spent $5.11 billion on share repurchases last year. If Compco's equity cost of capital is 11.3%, and if the amount spent on repurchases is expected
to grow by 8.2% per year, estimate Compco's market capitalization. If Compco has 6.4 billion shares outstanding, to what stock price does this correspond?
Compco's market capitalization will be $
billion. (Round to two decimal places.)
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