Suppose LoveLove Systems pays no dividends but spent $5.15 billion on share repurchases last year. If LoveLove equity cost of capital is 12.6%, and if the amount spent on repurchases is expected to grow by 7.8% per year, estimate LoveLove market capitalization. If LoveLove has 5.9 billion shares outstanding, to what stock price does this correspond?

a. LoveLove market capitalization will be ? billion? Round to 2 decimal places