You are the CEO of a mediocre gaming company. Your company has just announced earnings of $500,000. A business magnate, Dilan Husk, twits about your company and your sales start to soar. Analysts...

You are the CEO of a mediocre gaming company. Your company has just announced earnings of $500,000. A business magnate, Dilan Husk, twits about your company and your sales start to soar. Analysts predict that your earnings will grow at a rate of 70% per year for the next three years. After​ that, as competition​ increases, earnings growth is expected to slow to 10% per year for another five years and then you go back to the mediocre growth of 3% per year. You continue at that level forever. What is the present value of all future earnings if the interest rate is 7% compounded annually​? (Assume all cash flows occur at the end of the​ year.)