10. Corporate valuation model Aa Aa The corporate valuation model, the price-to-earnings (P/E) multiple approach, and the economic value-added (EVA) approach are some examples of valuation techniques. The corporate valuation model is similar to the dividend-based valuation that you've done in previous problems, but it focuses on a firm's free cash flows (FCFs) instead of its dividends. Some firms don't pay dividends, or their dividends are difficult to forecast. For that reason, some analysts use the corporate valuation model. St. Margaret Beer Co. has an expected net operating profit after taxes, EBIT(1 T), of $14,000 million in the coming year. In addition, the firm is expected to have net capital expenditures of $2,100 million, and net operating working capital (NOWC) is expected to increase by $25 million. How much free cash flow (FCF) is St. Margaret Beer Co. expected to generate over the next year? $480,655 million $11,875 million $11,925 million $16,075 million