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:

Free Cash Flow

Year $1$

$-$ $$158,000$

Year $2$

$$10,000$

Year $3$

$$81\mathrm{.}000$

Year $4$

$$240,000$

Assume cash flows after year $4$ will grow at $4\%$ per year, forever If the cost of capital for this division is $16\%,$ 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.