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 3 Year 4 Year 2 $11,000 Free cash flow - $182,000 $80,000 $207,000 Assume cash flows after year 4 will grow at 4% per year, forever. If the cost of capital for this division is 10%, what is the continuation value in year 4 for cash flows after year 4? What i 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.)