For the firm to be worth another trillion dollars, they will have to have another trillion dollars
in present value of owner earnings beyond what was already expected.
With a 7% discount rate, that would be a hitherto unexpected additional $65.5bn in owner earnings per year, in today’s dollars, forever.
(and if there is any delay in its arrival, then even more later on. If the earning stream ever fades, then also more)
I suppose that kind of pleasant surprise happens, and I don’t rule it out as impossible.
But they called it “conservative assumptions”. I might want to see a few more hidden chickens hatch before counting on a trillion of them.
Jim