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Martin company's reserves are being depleted, so its sales are falling. Also, environmental costs increase each year, so its costs are rising. As a result,
Martin company's reserves are being depleted, so its sales are falling. Also, environmental costs increase each year, so its costs are rising. As a result, the company's free cash flows are declining at the constant rate of 4% per year. If its current free cash flow (FCF0) is $6 million and its weighted average cost of capital (WACC) is 14%, what is the estimated value of Martin's value of operations
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