Victoria Enterprises expects earnings before interest and taxes (EBIT ) next year of $2.4 million. Its depreciation and capital expenditures will both be $ 298,000, and it expects its capital expenditures to always equal its depreciation. Its working capital will increase by $47,000 over the next year. Its tax rate is 40%. If its WACC is 8% and its FCFs are expected to increase at 6% per year in perpetuity, what is its enterprise value?
the company's enterprise value is $__________ Round to the nearest? dollar.)