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 - $ 155,000 - $8,000 $62,000 $220,000 Assume cash flows after year 4 will grow at 2% per year, forever. If the cost of capital for this division is 14%, 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 $ 2,319,200. (Round to the nearest dollar.) What is the value today of this division? The value today of this division is $ 1,401,668. (Round to the nearest dollar.)