You have decided to use the FCFF income approach to estimate the intrinsic value of the company that manufactures components for recreational vehicles. You expect cash flows to grow very rapidly during the next five years and to level off after that. Based on this, you forecast the cash flows for each of the next five years to be (in thousands):

Year 1	Year 2	Year 3	Year 4	Year 5
-295	37	925	2,153	2,936

You expect cash flows to be constant after year 5. There are no NOA in this firm. The appropriate WACC is 10.9 percent, The value of the company's debt equals $845 thousand. The company has 750 thousands common shares outstanding.

What is the best estimate of the market value of common stock of this company?

Round the answer to two decimals.

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