Estimate the value of Runner's MVIC (the entire firm) using a multiperiod discounted cash flow model and assuming the following:

Runner's Corporation Company Data

Long-term market return: 11.45%  

ERP: 6.48%

Beta: 1.0935

Cost of Equity:  9.5866%

Free cash flow to the firm (FCFF) last year: 100,000  

Expected annual growth in FCFF for next 4 years: 12.00%  

Timing of cash flows received during the year: End of the year  

Expected annual growth in FCFF after 4 years (starting in year 5):3.00%  

Debt capital as of today  $1,000,000    

Cost of debt, Rd: 5.00%  

Corporate tax rate, Tc: 30.00%  

Risk-free rate, Rf as of valuation date: 2.50%  

WACC:?