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Bay Properties is considering starting a commercial real estate division. It has prepared the following four - year forecast of free cash flows for this

Bay Properties is considering starting a commercial real estate division. It has prepared the following four-year forecast of free cash flows for this division: (Click on the following icon order to copy its
contents into a spreadsheet.)
Assume cash flows after year 4 will grow at 4% per year, forever. If the cost of capital for this division is 14%, what is the continuation value in year 4 for cash flows after year 4? What is the value today of
this division?
What is the continuation value in year 4 for cash flows after year 4?
The continuation value is $
(Round to the nearest dollar.)
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