You are interested in valuing the Autozone. The company just reported EBIT of $17.02 billion. Interest expense was $1.24 billion. The companys corporate tax rate is 25% and the depreciation expense was $1.40 billion. Capital expenditures amounted to $2.20 billion. Net working capital increased by $2.5 billion during the period. Autozone executives are forecasting a 4% growth in free cash flow in perpetuity.

Autozone has a beta of 0.90 and a D/V ratio of 10%. Assume a risk-free rate of 4%, and an equity risk premium of 6%. Autozone's cost of debt is 3.3%. Estimate the enterprise value of Autozone.