ABC corp expects to earn $3.9 per share next year and plow back 35.9% of its earnings (i.e., it expects to pay out a dividend of $2.5 per share, representing 64.1% of its earnings). The dividends are expected to grow at a constant sustainable growth rate and the stocks are currently priced at $30 per share. How much of the stock's $30 price is reflected in Present Value of Growth Opportunities (PVGO) if the investors' required rate of return is 20%? $_________