Risk Free Rate 3% • Market Return 8% • ERP = Market return - Rf = 5% • Perpetuity Growth Rates 1 Dividend Growth Rate 3% FCFF Growth Rate 3% . FCFE Growth Rate 3% • Tax rate 20%. 28. Total capital expenditures for 2025 is closes to: O $3,425 million 425 mil SAVEUS O $402 million O $1,051 million $734 million

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