You are running a hot Internet company. Analysts predict that its earnings will grow at $20\%$ per year for the next $7$ years. After$$ that, as competition$$ increases, earnings growth is expected to slow to $2$ per year and continue at that level forever. Your company has just announced earnings of $$$$4$ million. What is the present value of all future earnings if the interest rate is $7\%?($ Assume all cash flows occur at the end of the$$ year.$)$ The present value of all future earnings is $\_\_\_\_\_\_$ million. $($Round to two decimal$$ places.