1. EMC Corporation's current free cash flow of $460,000 and is expected to grow at a constant rate of 6%. 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. Blunderbluss Manufacturing's balance sheets report $235 million in total debt, $67 million in short-term investments, and $62 million in preferred stock. Blunderbluss has 10 million shares of common stock outstanding. A financial analyst estimated that Blunderbuss's value of operations is $910 million. What is the analyst's estimate of the intrinsic stock price per share? Round your answer to the nearest cent.

3. thress Industries just paid a dividend of $2.75 a share (i.e., D₀ = $2.75). The dividend is expected to grow 9% a year for the next 3 years and then 12% a year thereafter. What is the expected dividend per share for each of the next 5 years? Do not round intermediate calculations. Round your answers to the nearest cent.

D₁ = $

D₂ = $

D₃ = $

D₄ = $

D₅ = $