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Suppose Compoo Systems pays no dividends but spents $5.19 bilicn on thare repurchases last yoat, if Compoe's equity cost of capital is 12.3%, and 1

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Suppose Compoo Systems pays no dividends but spents $5.19 bilicn on thare repurchases last yoat, if Compoe's equity cost of capital is 12.3%, and 1 the amount spent on repurchases is apected to grow by 7.8% per year, estmate Compco's maket capitalization. It Compco has 6.3 bation shares outstanding, to what stock price does tis coerespond? Compoo's market captalcation will be 5 blion. (Roound to two decimal places)

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