1, EMC Corporation's current free cash flow of $490,000 and is expected to grow at a constant rate of 4%. The weighted average cost of capital is WACC = 13%. Calculate EMC's estimated value of operations. Do not round intermediate calculations. Round your answer to the nearest dollar.

2,

Current and projected free cash flows for Radell Global Operations are shown below.

	Actual	Projected
	2019	2020	2021	2022
Free cash flow	$603.780	$664.460	$704.507	$753.600
(millions of dollars)

Growth is expected to be constant after 2021, and the weighted average cost of capital is 11.7%. What is the horizon (continuing) value at 2022 if growth from 2021 remains constant? Do not round intermediate calculations. Enter your answer in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Round your answer to the nearest whole number.

3. Blunderbluss Manufacturing's balance sheets report $330 million in total debt, $84 million in short-term investments, and $54 million in preferred stock. Blunderbluss has 20 million shares of common stock outstanding. A financial analyst estimated that Blunderbuss's value of operations is $930 million. What is the analyst's estimate of the intrinsic stock price per share? Round your answer to the nearest cent.