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Value of Operations: Constant Growth EMC Corporation has never paid a dividend. Its current free cash flow of $370,000 is expected to grow at a

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Value of Operations: Constant Growth EMC Corporation has never paid a dividend. Its current free cash flow of $370,000 is expected to grow at a constant rate of 5.4%. The weighted average cost of capital is WACC = 11%. Calculate EMC's estimated value of operations. Do not round intermediate calculations. Round your answer to the nearest dollar. $

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