Victoria Enterprises expects earnings before interest and taxes (EBIT )next year of $2.2 million. Its depreciation and capital expenditures will both be $286,000 ,

and it expects its capital expenditures to always equal its depreciation. Its working capital will increase by $46,000over the next year. Its tax rate is 37%.If its WACC is 10%and its FCFsare expected to increase at 6%per yearin perpetuity, what is itsenterprise value?