Sparkling Water Inc. sells 4.6 million bottles of drinking water each year. Each bottle sells for $2, and costs per bottle are $0.45. Sales income and costs occur at year-end. Sales income is expected to rise at 6 percent annually, while costs are expected to rise at 4 percent annually. The relevant discount rate is 12 percent. The corporate tax rate is 34 percent. What is sparkling worth today?