Consider the table given below to answer the following question. 1 13.00 1.56 1.56 Asset value Earnings Net investment Free cash flow (FCF) Return on equity (ROE) Asset growth rate Earnings growth rate Year 2 3 4 5 6 7 8 9 10 14.56 16.31 18.26 19.91 21.70 23.65 25.07 26.58 28.17 1.75 1.96 2.19 2.39 2.50 2.60 2.63 2.13 2.25 1.75 1.96 1.64 1.79 1.95 1.42 1.50 1.59 1.69 0.55 0.60 0.54 1.18 1.13 0.53 0.56 0.12 0.12 0.12 0.12 0.115 0.11 0.105 0.08 0.08 0.12 0.12 0.09 0.09 0.09 0.06 0.06 0.06 0.06 0.12 0.12 0.12 0.09 0.04 0.04 0.01 -0.19 0.06 0.12 0.12 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? Assume 11% cost of capital. (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) Present value million