Consider the table given below to answer the following question. The long-run growth rate is projected at 6% and discount rate is 10%.

Year	1	2	3	4	5	6	7	8	9	10
Asset value	8.00	8.96	10.04	11.24	12.25	13.35	14.56	15.43	16.35	17.34
Earnings	0.96	1.08	1.20	1.35	1.47	1.54	1.60	1.62	1.31	1.39
Net Investment	0.96	1.08	1.20	1.01	1.10	1.20	0.87	0.93	0.98	1.04
Free Cash Flow (FCF)	0	0	0	0.34	0.37	0.33	0.73	0.69	0.33	0.35
Return on equity (ROE)	0.12	0.12	0.12	0.12	0.12	0.115	0.11	0.105	0.08	0.08
Asset growth rate	0.12	0.12	0.12	0.09	0.09	0.09	0.06	0.06	0.06	0.06
Earnings Growth rate	0	0.12	0.12	0.12	0.09	0.04	0.04	0.01	--0.19	0.06

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?