Your consulting firm will produce cash flows of $$150,000$ this year, and you expect cash flows thereafter to keep pace with any increase in the general level of prices. The interest rate currently is $7\%,$ and you anticipate inflation of about $3\%.$

What is the present value of your firm$$s cash flows for years $1$ through $4?$

Note: Do not round intermediate calculations. Round your answer to $2$ decimal places.

How would your answer to $($a$)$ change if you anticipated no growth in cash flow?

Note: Do not round intermediate calculations. Round your answer to $2$ decimal places.