Save & Exit Submit Check my work Calculate the intrinsic value of Rio Tinto in each of the following scenarios by using the three-stage growth model of Spreadsheet 18.1. Treat each scenario independently, a. The terminal growth rate will be 10.50% (Round your answer to 2 decimal places.) Intrinsic value b. Rio Tinto's actual beta is 1.07. (Round your answer to 2 decimal places.) Intrinsic value c. The market risk premium is 9.70%. (Round your answer to 2 decimal places.) Intrinsic value B C D E F G 1 Inputs for GE Year Dividend Div growth Term value Investor CF 2 beta 2019 3. 12 3. 12 3 mkt_prem 0.08 2020 3.38 3. 38 4 rf 0.029 2021 3.64 3.64 5 k equity 0.1090 2022 3.90 3.90 6 term gwth 0.096 2023 4. 19 0.0740 4. 19 7 2024 4.51 0.0762 4.51 8 2025 4. 86 0.0784 4.86 9 2026 5.25 0.0806 5.25 10 2027 5.69 0.0828 5.69 11 2028 6.17 0.0850 6.17 12 Value line 2029 6.71 0.0872 6.71 13 forecasts of 2030 7.31 0.0894 7.31 14 annual dividends 2031 7.98 0. 0916 7.98 15 2032 8.73 0.0938 8.73 16 2033 9.57 0.0960 9.57 7 Transitional period 2034 10.48 0.0960 883. 84 894.32 18 with slowing dividend 9 growth 206.07 PV of CF 20 Beginning of constant E17 * (1+ F17)/(B5 - F17) 21 growth period NPV (B5, H2:117)