XYZ Inc. is seeking an investment of $52,000 from your venture capital firm. After extensive economic analysis, you estimate that the exit value of the company will be $299,000 6 years from now. Because of the risk, you will only invest if you can generate of return of 11% per year on your investment.

The founders want to have 100,000 shares of the company.

What is the PRE-money valuation of the company? Round your answer to the nearest whole number, for example 50501.