Suppose the current price of gold is $$1,440$ an ounce. Hotshot Consultants advises you that gold prices will increase at an average rate of $14\%$ for the next two years. After that the growth rate will fall to a long$-$run trend of $3\%$ per year. Assume that gold prices have beta of $0$ and that the risk$-$free rate is $6\%.$ What is the present value of $1\mathrm{.}2$ million ounces of gold produced in $10$ years?

Note: Do not round intermediate calculations. Enter your answer in billions rounded to $2$ decimal places.

Answer is complete but not entirely correct.

$\backslash$table$[[$Present value,$${?}_{4,50041},$billion$]]$