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E.C. 1 C.E. Garner Enterprises has estimated that their Free Cash Flow (FCF) for next year will be $11 million. The firm's current Value of

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E.C. 1 C.E. Garner Enterprises has estimated that their Free Cash Flow (FCF) for next year will be $11 million. The firm's current Value of Operations (Vopco)) is $440 million (based on the constant growth model) and the weighted average cost of capital (kc) equals 12.5%. Assuming that free cash flows will be growing at a constant rate forever, what is that growth rate

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