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HBT Corporation has never paid a dividend. Its current free cash flow is $1,200,000 and is expected to grow at a constant rate of 4%. The WACC is 10%. What is HBT's value of operations (in millions)?
a. $22.00
b. $20.80
c. $12.48
d. $20.00
e. $10.00
https://brainmass.com/business/weighted-average-cost-of-capital/problem-31198
$2.49