A company possesses a growth opportunity (a patent) with the following parameters: (1) present value of the expected cash flows form the new technology is $300 million; (2) in order to implement it the company must invest $400 million; (3) the patent protection is for 10 years; and (4) the uncertainty about the returns from the project is 40%. If the risk-free rate is 2%, what is the value of this growth opportunity