XYZ Global, an established player in the energy sector, is assessing its valuation using Free Cash Flow (FCF) for potential investments. For the last fiscal year, XYZ reported Free Cash Flow of $200 million, and management expects a 5% annual growth rate in FCF for the next five years due to anticipated operational efficiencies. After this period, the company is expected to grow at a perpetual rate of 3%. If the appropriate discount rate for XYZ's FCF is 8%, what is the estimated intrinsic value of XYZ Global's equity based on this Free Cash Flow Valuation?