Say that you are working on a project with the aim of valuing medium size cities in the Midwest USA. In other words, you will treat Midwest cities as though they are public companies and then find a valuation for them.

You use your good knowledge of city finances, as you learned in some of your studies in SPEA, to determine what is essentially net cash flow for this most recent year for Kokomo, Indiana. That net cash flow is $$19\mathrm{.}9,$ an estimated growth rate is $3\mathrm{.}1\%,$ and your best determination of risk to use as a discount rate is $10\mathrm{.}2\%.$ Given this, what is a good estimate of the total value today, using good financial analysis, of Kokomo?