5. Assume Pluvio Systems does not pay dividends but has spent 5 billion euros on...
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5. Assume Pluvio Systems does not pay dividends but has spent 5 billion euros on share repurchases last year. If Pluvio Systems' cost of equity is 12%, the amount spent on buybacks is expected to grow by 8% per year and Pluvio Systems has 6 billion shares outstanding, then what is the price per share of this company?
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