Use the following information to answer the question(s)below.
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 to grow by 5% per year.Taggart currently has 2 billion shares outstanding.
-Taggart's stock price is closest to:
A)$12.50.
B)$15.40.
C)$20.00.
D)$25.00.

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The Answer of Use the following information to answer the question(s)below.
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 to grow by 5% per year.Taggart currently has 2 billion shares outstanding.
-Taggart's stock price is closest to:
A)$12.50.
B)$15.40.
C)$20.00.
D)$25.00.

Use the Following Information to Answer the Question(s)below