Residual Income Valuation of ABC Corporation

ABC Corporation is a publicly traded company that has been performing steadily over the past few years. Analysts project that the company will generate earnings of $200 million for the next year. The required return on equity (ROE) is estimated at 10%. The book value of equity at the beginning of the year is $1 billion. The company is expected to grow its earnings at a sustainable growth rate of 5% annually. Using the Residual Income Valuation approach, what is the estimated intrinsic value of ABC Corporation's equity?