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Panda Industries Inc. has $ 2 , 6 5 0 , 5 5 3 in preferred equity and its outstanding debt has a value of

Panda Industries Inc. has $2,650,553 in preferred equity and its outstanding debt has a value of $2,280,919. The firm's WACC is 7.17%. 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 3.4% rate after Year 5. Rounding to the nearest penny, what is the value of common equity?
\table[[Period,Free Cash Flow],[Year 1,$1,396,797
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