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 12 percent. The relevant tax rate is 21 percent. The adjusted cash flows from assets for the privately held company are expected to be $690 for Year 1. $830 for Year 2, and $870 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