Suppose you are an equity analyst and need to value a regulated utility. The utility just went through a rate$-$increase process, and there will not be another rate increase in the next five years. You have projected that the company will generate a cash flow of $$87\mathrm{.}5$ million a year for the next five years, and then $$95\mathrm{.}5$ million a year for the period thereafter. If the relevant discount rate is $12\mathrm{.}5\%,$ what is the value of the utility? And what would be the value if you assumed that the cash flows after year $5$ would grow at a constant rate of $2\%$ indefinitely?