T-Co is a successful company. You have estimated the cost of equity to be11% and expect share buybacks and dividends to grow 8%/year, and you believe the company could be sold for $2.4 billion at the end of Year 4

Fill in Years 2 and 3 of the timeline below and calculate the companys current market cap and share price given 100 million shares outstanding

Timeline (in millions)

Year	0	1	2	3	4
Dividends		45
BuyBacks		55
Div+Buybacks		100
Market Cap					2,400