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Consider a firm with the following parameters: Physical Lifespan 4 years Capital Expense, Year 0 $8,000 EBITDA / Year $9,000 Overall Firm Cost of Capital

Consider a firm with the following parameters: Physical Lifespan 4 years Capital Expense, Year 0 $8,000 EBITDA / Year $9,000 Overall Firm Cost of Capital 5.1% Tax Rate 25% Loan $13,000 Interest Payments $558 Depreciation Project Life 6 years What is the total PV of this firm, including the loan? Note: Report answer to 4 decimal places, no rounding.

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