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 $12345$

Free cash flow $1,0005000320940$

Estimate the target$$s maximum acquisition price.

Note: Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.

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

Note: Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.