Check my work 5 Consider the table given below to answer the following question 10.00 11.20 12.54 14.05 15.31 16.69 18.19 19.29 20 1.20 1.34 1.51 1.69 1.84 1.92 2.00 2.03 1 1.20 1.34 1.51 1.26 1.38 1.50 1.09 1.16 1 0.00 0.00 0.00 0.42 0.46 0.42 0.91 0.87 0 Return on equity (ROE) 0.12 0.12 0.120.12 0.12 0.115 0.11 0.105 0 0.12 0.12 0.12 0.09 0.09 0.09 0.06 0.06 0 0.12 0.12 0.12 0.09 0.04 0.04 0.01 -0 Year Asset value Earnings Net investment Free cash flow (FCF) 10 points eBook Asset growth rate Earnings growth rate Print References Assuming that competition drives down profitability (on existing assets as well as new investment) to 11.5% in year 6, 11% in year 7, 10.5% in year 8, and 8% in year 9 and all later years. What is the value of the concatenator business? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) Present value million Check my work 5 Consider the table given below to answer the following question 10.00 11.20 12.54 14.05 15.31 16.69 18.19 19.29 20 1.20 1.34 1.51 1.69 1.84 1.92 2.00 2.03 1 1.20 1.34 1.51 1.26 1.38 1.50 1.09 1.16 1 0.00 0.00 0.00 0.42 0.46 0.42 0.91 0.87 0 Return on equity (ROE) 0.12 0.12 0.120.12 0.12 0.115 0.11 0.105 0 0.12 0.12 0.12 0.09 0.09 0.09 0.06 0.06 0 0.12 0.12 0.12 0.09 0.04 0.04 0.01 -0 Year Asset value Earnings Net investment Free cash flow (FCF) 10 points eBook Asset growth rate Earnings growth rate Print References Assuming that competition drives down profitability (on existing assets as well as new investment) to 11.5% in year 6, 11% in year 7, 10.5% in year 8, and 8% in year 9 and all later years. What is the value of the concatenator business? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) Present value million