The firm recently reported $40,000 of sales, $10,000 of operating costs other than depreciation, $3,000 of depreciation and amortization charges. The firm has $18,000 of outstanding bonds that carry an 10% interest rate, and its federal-plus-state income tax rate was 25%. In order to sustain its operations and thus generate sales and cash flows in the future, the firm was required to spend $12,500 to buy new fixed assets and to invest $5,500 in net operating working capital.

An analyst estimates that the FCF should grow rapidly- at a rate of 8% per year- during years 1 and 2; and 6% per year- during years 3 and 4; but after year 4, growth should be a constant 4% per year. If the firms WACC is 15%, what is the intrinsic value of the firm today?