Victoria Enterprises expects free cash flows next year of $1 million. Its depreciation and capital expenditures will both be $300,000, and it expects its capital expenditures to always equal its depreciation. Its working capital will increase by $50,000 over the next year. The year-over-year increase in its net working capital will increase by 4% in perpetuity, and its FCFs are also expected to increase at 4% per year in perpetuity. If its tax rate is 40% and its WACC is 10%, what is its enterprise value?