Find out how long it was travelling
Horizontal @ 4.2 x 10^7 m/s is constant
45 cm = .45 m
.45 m / 4.2 x 107 m/s = ........... seconds
Then to find the vertical distance
yf = yo + vo t - 1/2 (9.81 m/s2 ) t2
Yf is the distance you are looking for yo = 0 vo= 0
yf = -1/2 (9.81)(t2) using the 't' you found in the first step