London Corporation is expected have EBIT of $3,500,000 this year. London Corporation is in the 30% tax bracket, will report $1,400,000 in depreciation, will make $1,200,000 in capital expenditures, and will have no change in net working capital this year. The appropriate market capitalization rate for the unleveraged cash flow is 12% per year, and the firm currently has debt of $4,500,000 outstanding. London Corporation expects that their free cashflow will grow by 6% per year forever. What is London's FCFF? Use the free cash flow approach to value the firm's equity.