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Suppose Compco Systems pays no dividends but spent $5.09 billion on share repurchases last year of Compco's equity cost of capital is 12.1%, and if

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Suppose Compco Systems pays no dividends but spent $5.09 billion on share repurchases last year of Compco's equity cost of capital is 12.1%, and if the amount spent on repurchases is expected to grow by 7 5% per year, estimate Compco's market capitalization. If Compco has 5.2 billion shares outstanding, to what stock price does this correspond

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