You forecast the future cash flow of Jaffe Ltd$,$ a young growing

company. You expect fast growth through the first four years, at

which time the company will mature and you expect it to grow by $3\%$

per year forever more after. The following are the forecast cash

flows:$$Year $1$: $$5$ millionYear $2$: $$10$ millionYear $3$: $$15$ millionYear $4$: $$20$ millionYear $5$: $$20\mathrm{.}6$ millionYear $6$: $$21\mathrm{.}218$ millionYear $7$ onward: continued growth at $3\%$ per year$$The discount rate is $9\%.$ What is the value of Jaffe today at

Year $0?$