Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion Return Consider the table given below to answer the following question. Year 1 2 3 4 5 7 8 9 10 Asset value 10.00 11.20 12.54 14.05 15.31 16.69 18.19 19.29 20.44 21.67 Earnings 1.20 1.34 1.51 1.69 1.84 1.92 2.00 2.03 1.64 1.73 Net 1.20 1.34 1.51 1.26 1.38 1.50 1.09 1.16 1.23 1.30 investment Free cash 0.00 0.00 0.00 0.42 0.46 0.42 0.91 0.87 0.41 0.43 flow (FCF) Return on equity 0.12 0.12 0.12 0.12 0.12 0.115 0.11 0.105 0.08 0.08 (ROE) Asset 0.12 0.12 0.12 0.09 0.09 0.09 0.06 0.06 0.06 0.06 growth rate Earnings 0.12 0.12 0.12 0.09 0.04 0.04 0.01 -0.19 0.06 growth rate Assuming that competition drives down profitability (on existing assets as well as new investment) to 115 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.) Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion Return Consider the table given below to answer the following question. Year 1 2 3 4 5 7 8 9 10 Asset value 10.00 11.20 12.54 14.05 15.31 16.69 18.19 19.29 20.44 21.67 Earnings 1.20 1.34 1.51 1.69 1.84 1.92 2.00 2.03 1.64 1.73 Net 1.20 1.34 1.51 1.26 1.38 1.50 1.09 1.16 1.23 1.30 investment Free cash 0.00 0.00 0.00 0.42 0.46 0.42 0.91 0.87 0.41 0.43 flow (FCF) Return on equity 0.12 0.12 0.12 0.12 0.12 0.115 0.11 0.105 0.08 0.08 (ROE) Asset 0.12 0.12 0.12 0.09 0.09 0.09 0.06 0.06 0.06 0.06 growth rate Earnings 0.12 0.12 0.12 0.09 0.04 0.04 0.01 -0.19 0.06 growth rate Assuming that competition drives down profitability (on existing assets as well as new investment) to 115 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.)