Gekko Properties is considering purchasing Teldar Properties. Gekko's analysts project that the merger will result in incremental after$-$tax cash flows of $$2$ million, $$4$ million, $$5$ million, and $$10$ million over the next four years. The horizon value of the firm's operations, as of Year $4,$ is expected to be $$108$ million. Assume all cash flows occur at the end of the year. The acquisition would be made immediately, if it is undertaken. Teldar's post$-$merger beta is estimated to be $2\mathrm{.}0,$ and its post$-$merger tax rate would be $25\mathrm{.}00\%.$ The risk$-$free rate is $6\mathrm{.}00\%,$ and the market risk premium is $5\mathrm{.}70\%.$ What is the value of Teldar to Gekko Properties? Do not round intermediate calculations.

a$.$ $$61,386,469$

b$.$ $$81,960,090$

c$.$ $$52,359,512$

d$.$ $$72,067,714$

e$.$ $$69,812,683$