Labrador technologies Inc. plans to become public soon; the board of directors asked for your help. The firm has $1,588,168 in preferred equity and the market value of its outstanding debt equals $2,720,901. The WACC for this firm is estimated to be 10.56%. Management's forecast of FCFs is shown below; year 1 represents one year from today and so on. The company expects to grow at a 3% rate after Year 5. In today's dollars, What is the terminal value of this company? Round your answer to the nearest penny and enter it in the box below.

Period	Free Cash Flow
Year 1	$1,374,730
Year 2	$1,083,082
Year 3	$1,486,184
Year 4	$2,497,679
Year 5	$2,339,429