A firm sells a product that it realizes is short-lived and thus the firm plans to close after 2 more years. The firm expects to have free cash flows of $398,000 next year and $211,000 in Year 2 after incurring the costs of closing. The firm's cost of equity is 14% and its after-tax cost of debt is 5.5%. What is the present value of the firm if its debt to value ratio is 40%?

$458,008

$481,707

$500,614

$532,349