Compco Systems Total payout next year = 4.86 billion × 1.087 = $5.28 billion Equity Value = 5.28 / (12.6% – 8.7%) = $135.46 billion Share price = $135.46 billion / 6.1 billion shares = $22.21 Solution Compco Systems Total payout next year = 4.86 billion × 1.087 = $5.28 billion Equity Value = 5.28 / (12.6% – 8.7%) = $135.46 billion Share price = $135.46 billion / 6.1 billion shares = $22.21.