A firm has a pre-tax cost of debt of 8%, a debt to capital ratio of 25%, total debt of $2,500, 25% tax rate, perpetuity growth of 5%, exit multiple of (6 * Year 3 EBITDA), beta =1.2, risk-free rate = 4%, market risk premium = 8%, and the following cash flows:

Year	1	2	3
EBITDA	1800	2200	2600
Free cash flow	500	625	840

Using the perpetuity growth method, determine the total enterprise value of this firm today.

a. $10,997

b. $9,129

c. $9,446

d. $11,623