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You are running a hot Internet company. Analysts predict that its earnings will grow at 2 0 % per year for the next 1 0

You are running a hot Internet company. Analysts predict that its earnings will grow at 20% per year for the next 10 years. After that, as competition increases, earnings growth is expected to slow to 5% per year and continue at that level forever. Your company has just announced earnings of $2 million. What is the preser value of all future earnings if the interest rate is 10%?(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.)
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