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

negative $ $130$ comma $000$

negative $ $14$ comma $000$

$ $68$ comma $000$

$ $172$ comma $000$

Assume cash flows after year $4$ will grow at $5\%$ per$$ year, forever. If the cost of capital for this division is $15\%,$ what is the continuation value in year $4$ for cash flows after year$4?$ What is the value today of this$$ division? Find the continuation value