Janetta Corp. has an EBIT rate of $1, 040,000 per year that is expected to in perpetuity. The unlevered cost of equity for the company is 16 and the corporate tax rate is 35 percent. The company also has a perpetual bond issue outstanding with a market value of $2.05 million What is the value of the company? (Enter your answer dollars, not millions of dollars lessthanorequalto 1234, 567. Do not round intermediate calculations and round your answer to 2 (e.g. 32.16))