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Victoria Enterprises expects earnings before interest and taxes ( EBIT ) next year of $ 1 . 5 million. Its depreciation and capital expenditures will

Victoria Enterprises expects earnings before interest and taxes (EBIT) next year of $1.5 million. Its depreciation and capital expenditures will both be $299,000, and it expects its capital expenditures to always equal its depreciationIts working capital will increase by $53,000 over the next year. Its tax rate is 22%. If its WACC is 9% and its FCFs are expected to increase at 3% per year in perpetuity, what is its enterprise value? The company's enterprise value is (Round to the nearest dollar.)

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