Epsilon Consultants Has the Following Projected Free Cash Flows to Equity

Epsilon Consultants has the following projected free cash flows to equity and other information. It has no non-operating assets. Calculate Epsilon's intrinsic value of equity using the FCFE model. $\begin{array} { l c c c } & \text { Year 1 } & \text { Year 2 } & \text { Year } 3 \\ \text { FCFE } & 1,000 & 1,200 & 1,260\\\text { Long-term FCFE growth }&5\%\\\text { Required return on equity }&9\% \end{array}$

A) $28,440
B) $31,284
C) $34,413
D) $37,854
E) $41,640