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 - $177,000 $15,000 $88,000 $219,000 Assume cash flows after year 4 will grow at 4% per year, forever. If the cost of capital for this division is 9%, 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 $ 438000. (Round to the nearest dollar.) What is the value today of this division? The value today is $ (Round to the nearest dollar.)