Emc corporation has never paid a divened . It's current free cash flow of 400,000 is expected to grow At a constant rate of 5% . The weighted average cost of capital is WACC =12% . Calculate the EMCs estimated value of operations

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52 REQUIRED RETURN 10.0% SA UEM Corporation has never paid a dividend. Its current free cash flow of 00.000 is 55 expected to grow at a constant rate of 5%. The weighted average cost of capital is 56 WACC m 12%. Calculate EMC's estimated value of operations. 57 60 61 62 67