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JumpDown Company generated FCFF of $1700 and FCFE of $1400 in the most recent year. The firm will grow at a rate of 4% for

JumpDown Company generated FCFF of $1700 and FCFE of $1400 in the most recent year. The firm will grow at a rate of 4% for the forseeable future. The book value and market value of JumpDown's debt are $9000 and $12,000, respectively. The firm's WACC is 8% and the firm's tax rate is 34%. Which of the following is closest to the value of the equity stake in the firm? Round your answer to the nearest $1000.

$30,000

$32,000

$35,000

$36,000

$34,000

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