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2. Problem 7-02 (Value of Operations: Constant FCF Growth) Value of Operations: Constant FCF Growth EMC Corporation's current free cash flow of $500,000 and is

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2. Problem 7-02 (Value of Operations: Constant FCF Growth) Value of Operations: Constant FCF Growth EMC Corporation's current free cash flow of $500,000 and is expected to grow at a constant rate of 4%. The weighted average cost of capital is WACC =14%. Calculate EMC's estimated value of operations. Do not round intermediate calculations. Round your answer to the nearest dollar. $

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