Taggart Transcontinental pays no dividends, but spent $4 billion on share repurchases last year. Taggart's equity cost of capital is 13% and the amount spent on repurchases is expected is expected to grow by 5% per year. Tagger currently has 2 billion shares outstanding. Taggart's stock price is closest to: $15.40 $20.00 $12.50 $25.00