Suppose that youve obtained the following information about Weekends in Paradise LLC. Next years free cash flow to the firm is expected to be $3,000,000. Free cash flows are 6 expected to grow at an annual rate of 1%. The firms equity beta is estimated to be 1.5, and the firms debt beta is estimated to be 0.5. The risk-free rate is 1% and the market risk premium is 5%. The market value of the firms debt is estimated to be $7,000,000, and the firms tax rate is 35%. Use iterative valuation to derive the current value of Weekends in Paradise. Please show all of your calculations.