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Please answer and explain ASAP and ill leave a thumbs up! EMC Corporation has never paid a dividend. Its current free cash flow of $400,000

Please answer and explain ASAP and ill leave a thumbs up!

EMC Corporation has never paid a dividend. Its 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%. Suppose EMC has $1 million in marketable securities, $2 million in debt, $0.2 million in preferred stock, and 100,000 shares of stock. What is the intrinsic price of EMC stock per share? $48 $50 $52 $60

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