Buchanan Industries does not currently pay any dividends and has no plans to. A major hedge fund is interested in buying the company's stock. The hedge fund analysts have estimated the company's free cash flows for the next four years to be $24,000,000 in year 1, $27,000,000 in year 2, $29,000,000 in year 3, and $31,000,000 in year 4. After the fourth year, the free cash flows are projected to grow at a constant 5%. The company's required return (WACC) is 11%, the market value of its debt totals $60,000,000 and it has 7,000,000 shares outstanding. The company has no preferred stock and no non-operating assets. What is the present value of the four cash flows projected by the hedge fund analyst?