The following table shows the projected free cash flows of an acquisition target. The potential acquirer wants to estimate its maximum acquisition price at an $8$ percent discount rate and a terminal value in year $5$ based on the perpetual growth equation with a $4$ percent perpetual growth rate.

Year $1$ free cash flow is $-890$ Year $2$ free cash flow is $-445$ Year $3$ free cash flow is $0$ Year $4$ free cash from is $254$ year $5$ free cash flow is $808$

Estimate the target$$s maximum acquisition price.

Round your answer to the nearest whole dollar amount.

using the same figures Estimate the target$$s maximum acquisition price when the discount rate is $7$ percent and the perpetual growth rate is $5$ percent.

Round your answer to the nearest whole dollar amount.