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Problem 7-06 Value of Operations: Constant Growth EMC Corporation has never paid a dividend. Its current free cash flow of $420,000 is expected to grow

Problem 7-06 Value of Operations: Constant Growth

EMC Corporation has never paid a dividend. Its current free cash flow of $420,000 is expected to grow at a constant rate of 4.9%. The weighted average cost of capital is WACC = 12.25%. Calculate EMC's estimated value of operations. Round your answer to the nearest dollar. $

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