QUESTION 22 Victoria Enterprises expects earnings before interest and taxes (EBIT) next year of $1.4 million. Its depreciation and capital expenditures will both be $300,000 each, and it expects its capital expenditures to always equal its depreciation. Its working capital will increase by $100,000 over the next year. The tax rate is 35%. If the firm's cost of capital is 10% and the free cash flows are expected to increase at 3% per year in perpetuity, what is the firm's enterprise value? O $9,000,000 $10,125,843 O $13,522,625 O $11,571,429