Buff Canyon Enterprise (BCE) is evaluating a project, and your co-worker wants you to double-check his work on the terminal value. BCE has a discount rate of 12%. The free cash flow in year 6 is $5,000,000 and the FCF is expected to grow forever at 3% after year 6. What is the present value (in year 0) of the projects terminal value? (Hint: Draw out a timeline)