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 in order to copy its contents into a$$ spreadsheet.$)$

Year $1$

Year $2$

Year $3$

Year $4$

Free Cash Flow

$$$$180,000$

$$13,000$

$$100,000$

$$235,000$

Assume cash flows after year $4$ will grow at $2\%$ per$$ year, forever. If the cost of capital for this division is $15\%,$ what is the continuation value in year $4$ for cash flows after year$4?$ What is the value today of this$$ division? What is the continuation value in year $4$ for cash flows after year$4?$

The continuation value is $$$enter your response here.