An analyst has given you the following forecast for RIMMIE, a retail store chain:

	Year 1	Year 2	Year 3	Year 4	Year 5
EBIT	2000	2200	2240	2260	2480
Depreciation	400	400	450	450	470
Capital expenditures	800	300	1100	840	830
Noncash working capital	400	440	448	452	496

Noncash working capital at the end of year 0 was equal to 430. The company has a WACC of 8% and its tax rate is 40%. The long-term growth rate in FCFF is expected to be 3%. Interest-bearing debt at the end of year 0 equals 5000. Estimate the equity value of RIMMIE.