Assume that your firm has just opened for business. The firm is being funded with investor$-$

supplied capital equal to $$20,000,000$ : debt is $25$ percent of capital and equity is $75$ percent

of capital. Also assume that creditors require a before$-$tax rate of return of $8\mathrm{.}333$ percent,

while stockholders require a $15$ percent return. The tax rate is $40$ percent. Now assume

that for this first year the firm expects its operations to produce sales of $$32,000,000$ and

EBIT of $$4,600,000.$ Finally assume that the firm expects this EVA to be the same in every

future year $($a perpetuity$).$ If the WACC is the correct discount rate to use, determine the

market value added by the operations of this firm.

Enter your answer in whole dollars, truncated to the dollar, with no punctuation. For

example, if your answer is $$1,112,456\mathrm{.}55,$ enter $"1112456".$ Canvas may insert commas.