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Suppose a firm shows the following values related to its capital structure, some of which come from the firm's Balance Sheet and Income Statement (note:

Suppose a firm shows the following values related to its capital structure, some of which come from the firm's Balance Sheet and Income Statement (note: the firm's long-term debt is comprised exclusively of bonds):

  • Common Stock Dividends Per Share = $0.19
  • Common Shares Outstanding = 241,936
  • Market Price Per Share: Common = $12.13
  • Preferred Stock Dividends Per Share = $0.65
  • Preferred Shares Outstanding = 58,685
  • Market Price Per Share: Preferred = $31.61
  • Book Value of Long-Term Debt = $1,241,647
  • Coupon Rate on Bonds Issued = 6.15%
  • Per Bond Face Value = $1,000
  • Bond Interest Payments Per Year = 2
  • Firm's Current Cost of Borrowing in the Capital Markets = 8.59%
  • Years Remaining to Bond Maturity = 13
  • Total Revenue= $15,380,297
  • Earnings Before Interest and Taxes = $3,861,154
  • Fixed Assets = $15,499,905
  • Cash and Equivalents = $180,500
  • Free Cash Flow = $2,483,154
  • NOPLAT = $2,548,813
  • Return on Invested Capital (ROIC) = 14.19%
  • Weighted Average Cost of Capital (WACC) = 10.19%
  • Expected growth of FCF for next 3 year = 14.65%
  • Expected growth of FCF for years 4+ = 3.72

Calculate the firm's market-based enterprise value.Express your answer as a whole dollar amount.

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