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

question 21

Multiple Choice

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 market capitalization is closest to:

• A)$25 billion.
• B)$31 billion.
• C)$40 billion.
• D)$50 billion.

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Definitions:

Sex Hormones

Chemical substances produced in the body that regulate sexual development, reproduction, and behavior.

Male Culture

The set of practices, norms, and values that are stereotypically associated with or dominated by men, reflecting the gendered aspects of societal roles.

Androgen Insensitivity Syndrome

A genetic condition where a person who is genetically male is resistant to male hormones, often presenting with female physical traits.

Male Hormones

Biochemical substances produced in male bodies that regulate sexual development, muscle mass, and other secondary sexual characteristics.