Fesla would like to know the value of common equity and have asked for your opinion. The firm has $2,287,725 in preferred equity and the market value of its outstanding debt equals $2,252,575. The WACC for this firm is estimated to be 7.98%. For this example assume the current assets are zero. Use the DCF valuation model with the expected FCFs shown below: year 1 represents one year from today and so on. The company expects to grow at a 3.8\% rate after Year 5. Rounding to the nearest penny, what is the value of common equity