A venture is not expected to produce any free cash flows until the end of year $5$ when the cash flow is estimated at $$60,000$ and is expected to grow at a $10\%$ per year into the future. What should be the approximate value of the venture if the cost of capital is $12\%?$

$$4,166,667.$

$$660,000.$

$$2,166,667.$

$$600,000.$

$$1,906,000.$

$$3,850,000.$