XYZ corp expects to pay out a dividend of $2.5 per share next year, representing 62.5% 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% ? $ (Hint: PVGO = value with growth - value with no growth when no earnings is plowed back)