Victoria Enterprises expects earnings before interest and taxes (EBIT) next year of $2.3 million. Its depreciation and capital expenditures will both be $310,000, and it expects its capital expenditures to always equal its depreciation. Its working capital will increase by $45,000 bver the next year. Its tax rate is 22%. If its WACC is 10% 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.)