Suppose Compco Systems pays no dividends but spent $5.09 billion on share repurchases last year. If Compco's equity cost of capital is 11.1%, and if the amount spent on repurchases is expected to grow by 8.4% per year, estimate Compco's market capitalization. If Compco has 5.7 billion shares outstanding, to what stock price does this correspond?

Compco's market capitalization will be $____billion.(Round to two decimal places.)