Victoria Enterprises expects earnings before interest and taxes (EBIT) next year of $1.7 million. Its depreciation and capital expenditures will both be $314,000 and it expects its capital expenditures to always equal its depreciation. its working capital will increase by $55,000 over the next year. Its tax rate is 32%. If its WACC is 10% and its FCFs are expected to increase at 5% per year in perpetuity. what is its enterprise value ?

The company enterprise value is $___(Round to the nearest dollar.)