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2. The market value of a company equals $60 billion. Next year's estimated earnings equal $4 billion and the associated opportunity cost of capital is

2. The market value of a company equals $60 billion. Next year's estimated earnings equal $4 billion and the associated opportunity cost of capital is 10%. Assume that the value of the assets in place is calculated as the discounted value of earnings under a no-growth policy. What is the present value of growth opportunities (PVGO) for this company? Please provide your answer to the nearest whole number, in USD billions without a dollar sign (e.g. 100 instead of $100). Enter answer here

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