Question 27 (3 points) A public corporation wants to value a privately held company. The pure play approach has been used to determine that the appropriate risk-adjusted weighted average cost of capital for the privately held company's cash flows is 9 percent. The relevant tax rate is 21 percent. The adjusted cash flows from assets for the privately held company are expected to be $630 for Year 1, $800 for Year 2, and $900 for Year 3. After Year 3, adjusted cash flows from assets are expected to grow at 5 percent per year forever. What is the value of this privately held company? Enter your answer in the box shown below as dollars with two digits t the right of the decimal point Your