
Eek, that seems astronomical. One of my GSD's had one, I got up one morning and she had a really watery eye so nipped her to the vets. It was very deep but and we were warned that they may have to sew her eye closed to allow it to heal, but we give a gel to put on the eye every two hours (alarm had to be set through the night) and they monitored her very closely over the next few days. It healed absolutely fine, with no need for further intervention.
A couple of weeks ago my friend noticed a bulge on one of her goldens eyes and as you say it looked a little cloudy. We took him to the Vets and it turned out he had an ulcer and she was given drops to put in twice a week. It healed fine and the bulge has totally gone down.
Good luck with your girl.