Victoria Enterprises expects earnings before interest and taxes (EBIT) next year of $ 2.4 million. Its depreciation and capital expenditures will both be $ 305,000, and it expects its capital expenditures to always equal its depreciation. Its working capital will increase by $ 47,000 over the next year. Its tax rate is 37%. If its WACC is 9% and its FCFs are expected to increase at 5% per year in perpetuity, what is its enterprise value?

The company's enterprise value is $_____. (Round to the nearest dollar.)