ABC Inc. has a marginal tax rate of 16.4%. The company is an all equity firm. It generates EBIT (earnings before interest and taxes) of $2,825,000. It will generate this amount of EBIT each year in perpetuity. The company's capital expenditures equal the depreciation expense each year. The company will not make any investments in operating net working capital in the future. The unlevered cost of equity is 11.3%. The risk-free rate of interest is 3.9%. What is the value of the firm today?

Answer: $20,900,000.00