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Today is December 31, 2020. Grisham Inc. free cash flows (FCF) for 2020 are $1,172. The projected FCFs for the next five years are $2,035,

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Today is December 31, 2020. Grisham Inc. free cash flows (FCF) for 2020 are $1,172. The projected FCFs for the next five years are $2,035, $3,077, $4,354, $5,137, and $6,596, respectively. After that time, FCFs will be constant at $7,430.3. What is enterprise value if the weighted average cost of capital is 10.8 percent? Round your answer to two decimal places and omit dollar signs (i.e., enter $2,001.271 as 2,001.27)

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