Consider the table given below to answer the following question. 1 2 9.00 10.17 1.17 1.32 1.17 1.32 3 11.49 1.49 1.49 Year Asset value Earnings Net investment Free cash flow (FCF) Return on equity (ROE) Asset growth rate Earnings growth rate 4 12.99 1.69 1.30 0.39 0.13 0.10 0.10 5 14.28 1.86 1.43 0.43 0.13 0.10 0.06 6 15.71 1.96 1.57 0.39 0.125 0.10 0.06 7 8 9 10 17.28 18.49 19.79 21.17 2.07 2.13 1.78 1.91 1.21 1.29 1.39 1.48 0.86 .83 0.40 0.42 0.12 0.115 0.09 0.09 0.07 0.07 0.07 0.07 0.03 0.16 -0.07 1.12 0.13 0.13 0.13 0.13 0.13 0.13 0.13 0.13 0.13 Assuming that competition drives down profitability (on existing ssets as well as new investment) to 12.5% in year 6, 12% in year 7, 11.5% in year 8, and 9% 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 Consider the table given below to answer the following question. 1 2 9.00 10.17 1.17 1.32 1.17 1.32 3 11.49 1.49 1.49 Year Asset value Earnings Net investment Free cash flow (FCF) Return on equity (ROE) Asset growth rate Earnings growth rate 4 12.99 1.69 1.30 0.39 0.13 0.10 0.10 5 14.28 1.86 1.43 0.43 0.13 0.10 0.06 6 15.71 1.96 1.57 0.39 0.125 0.10 0.06 7 8 9 10 17.28 18.49 19.79 21.17 2.07 2.13 1.78 1.91 1.21 1.29 1.39 1.48 0.86 .83 0.40 0.42 0.12 0.115 0.09 0.09 0.07 0.07 0.07 0.07 0.03 0.16 -0.07 1.12 0.13 0.13 0.13 0.13 0.13 0.13 0.13 0.13 0.13 Assuming that competition drives down profitability (on existing ssets as well as new investment) to 12.5% in year 6, 12% in year 7, 11.5% in year 8, and 9% 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