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Victoria Enterprises expects earnings before interest and taxes (EBIT) next year of $ 2.1 million. Its depreciation and capital expenditures will both be $ 313

Victoria Enterprises expects earnings before interest and taxes (EBIT) next year of $ 2.1 million. Its depreciation and capital expenditures will both be $ 313 comma 000 , and it expects its capital expenditures to always equal its depreciation. Its working capital will increase by $ 50 comma 000 over the next year. Its tax rate is 30 % . If its WACC is 11 % and its FCFs are expected to increase at 3 % per year in perpetuity, what is its enterprise value?.

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