Colorful Corn Chowder

Ingredients

• 2 tablespoons butter
• 1 large onion, chopped
• 1 green bell pepper, chopped
• 1 red bell pepper, chopped
• 2 carrots, chopped
• 2 (10 ounce) packages frozen corn kernels, thawed
• 1 1/2 cups dry potato flakes
• 2 teaspoons salt
• 1/4 teaspoon ground black pepper
• 1/4 teaspoon ground cayenne pepper
• 3 cups water
• 2 cups milk
• 1 cup half-and-half
• 1/2 cup shredded Cheddar cheese