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Value of Operations: Constant FCF Growth EMC Corporation's current free cash flow of $360,000 and is expected to grow at a constant rate of 4.5%.

Value of Operations: Constant FCF Growth

EMC Corporation's current free cash flow of $360,000 and is expected to grow at a constant rate of 4.5%. The weighted average cost of capital is WACC = 12%. Calculate EMC's estimated value of operations. Do not round intermediate calculations. Round your answer to the nearest dollar.

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