Consider the table given below to answer the following question. Asset value Earnings Net investment Free cash flow (FCF) Return on equity (ROE) Asset growth rate Earnings growth rate Year 1 2 3 4 5 6 7 8 9 10 14.00 15.82 17.88 20.20 22.22 24.44 26.89 28.77 30.78 32.94 1.82 2.06 2.32 2.63 2.89 3.06 3.23 3.31 2.77 2.96 1.82 2.06 2.32 2.02 2.22 2.44 1.88 2.01 2.15 2.31 0.61 0.67 0.61 1.34 1.29 0.62 0.66 0.13 0.13 0.13 0.13 0.13 0.125 0.12 0.115 0.09 0.09 0.13 0.13 0.13 0.10 0.10 0.10 0.07 0.07 0.07 0.07 0.13 0.13 0.13 0.10 0.06 0.06 0.03 -0.16 0.07 Assuming that competition drives down profitability (on existing assets 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? Assume 10% cost of capital. (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) Present value million