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A public corporation wants to value a privately held company. The pure play approach has been used to determine that the appropriate risk-adjusted weighted average

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A public corporation wants to value a privately held company. The pure play approach has been used to determine that the appropriate risk-adjusted weighted average cost of capital for the privately held company's cash flows is 10 percent. The relevant tax rate is 21 percent. The adjusted cash flows from assets for the privately held company are expected to be 5720 for Year 1. 5770 for Year 2, and $910 for Year 3 After Year 3, adjusted cash flows from assets are expected to grow at 5 percent per year forever. What is the value of this privately held company? Enter your answer in the box shown below as dollars with two digits to the right of the decimal point

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