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Suppose Compco Systems pays no dividends but spent 54.84 bilion on share repurchases iast year. If Compco's equity cost of capital is 12.7%, and if

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Suppose Compco Systems pays no dividends but spent 54.84 bilion on share repurchases iast year. If Compco's equity cost of capital is 12.7%, and if the amount spent en repurchases is expected to grow by 8.2% per yoar, estimate Compco's market capitalization. it Compco has 6.2 billon shares outstanding, to what stock price does this correspond? Compco's market capitalization will bes bilion. (Round to two decimal places.)

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