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Suppose Compco Systems pays no dividends but spent $5.00 billion on share repurchases last year. If? Compco's equity cost of capital is 12.0%?, and if

Suppose Compco Systems pays no dividends but spent $5.00

billion on share repurchases last year. If? Compco's equity cost of capital is 12.0%?,

and if the amount spent on repurchases is expected to grow by 8.0%

per? year, estimate? Compco's market capitalization. If Compco has 6.0

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

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