Hudson 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 - $168,000 - $6,000 $99,000 $152,000 Assume cash flows after year 4 will grow at 2% 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? The continuation value is $. (Round to the nearest dollar.)