(Lecture 8 Stock Valuation) ABC Inc. has not distributed dividends historically. It plans to spend $600 million on share repurchases one year later. The company has an equity beta of 1.1 and $300 shares outstanding. ABC's WACC is 4%. Given that the risk free rate is 1% and the expected market return is 8%, if ABC opts not to pay dividends going forward and the amount spent on repurchases is expected to decline by 2% per year, its stock price is $ per share. Instruction: Type ONLY your numerical answer, NO $ sign or comma sign needed, and round to the nearest two decimal places. E.g., if your answer is 18.763 then input 18.76.