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Taggart Transcontinental pays no dividends, but spent $8 billion on share repurchases in 2021. Taggart's equity cost of capital is 17% and the amount spent

Taggart Transcontinental pays no dividends, but spent $8 billion on share repurchases in 2021. Taggart's equity cost of capital is 17% and the amount spent on repurchases is expected to grow by 11% per year. Taggart currently has 2 billion shares outstanding. Taggart's stock price in 2022 is closest to:

a. 91.18

b. 74

c. 111.23

d. 66.67

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