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: Year 1 Year 2 Year 3 Year 4 Free cash flow - $123,000 $11,000 $88,000 $229,000 Assume cash flows after year 4 will grow at 2% per year, forever. If the cost of capital for this division is 9%, what is the continuation value in year this division? for cash flows after year 4? What is the value today of .... What is the continuation value in year 4 for cash flows after year 4? The continuation value is $(Round to the nearest dollar.)