Suppose Compco Systems pays no dividends but spent

$5.09

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

12.2%,

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

7.1%

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

6.5

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

It tells me the answer isn't 16.44 billion