Victoria Enterprises expects earnings before interest and taxes (EBIT) next year of $2.5 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 $55,000 over the next year. Its tax rate is 37%. 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.)