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:

Collective Well-being

The health, happiness, and prosperity of a group considered collectively, rather than as individuals.

Subsistence

The means by which individuals or groups maintain their existence, usually referring to basic needs such as food, water, and shelter.

Barrel Model

An anthropological model that views culture as being supported by and interacting with the economic, social, and ideological sectors of society.

Culturally Adaptive

The ability of individuals or societies to adjust and adopt behaviors or practices in response to changing environmental or social conditions, enhancing survival and success.