Calculate the market value of the firm given the following additional information: cost of equity is 8.25 percent, free cash flow to equity grows at 6 percent indefinitely; total debt outstanding = $1,000,000; increase in current assets = $400,000; increase in current liabilities = $300,000; and capital expenditures = $100,000.

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Sales Cost of goods sold Depreciation Interest Income tax Dividends $1,550,000 350,000 400,000 150,000 260,000 300,000 500,000 10x Common shares outstanding P/EBITDA