Bato Co is currently estimating the value of its securities given the following information:

• Government securities currently trade at 4.5%
• Credit spread for Bato Co is estimated as follows based on its maturity
  • 3 year maturity - 3.5%
  • 4 year maturity - 5.0%
  • 5 year maturity - 6.0%
• Based on current estimates the Beta of Bato is estimated at 0.75
• Market risk premium for equity instruments is estimated at 6.5%

The following summarizes the instruments currently issued by Bato:

• Bond Graphite - Php500,000 face value bond with a 5-year tenor carrying 8.0% coupon issued two years ago
• Bond Quartz - Php750,000 face value bond with a 4-year tenor carrying 8.0% coupon issued just today
• Bond Marble - Php1,000,000 face value bond with a 5-year tenor carrying a 12.0% coupon issued last year
• 10,000 common shares - Bato just declared a dividend of Php2.50 per share and is expected to grow by 20% over the next five years before slowing down to 5% beginning year 6

Assuming that the weighted average cost of capital is determined at 7.5% and free cash flows for next year is projected to be at Php125,000 projected to grow perpetually at a rate of 3.5%, how much is the enterprise value using the WACC?