Saved Help Save Consider the table given below to answer the following question Year 1 2 3 4 5 6 7 8 9 10 Asset value 10.00 11.20 12.54 14.05 15.31 16.69 18.19 19.29 20.44 21.67 Earnings 1.20 1.34 1.51 1.69 1.84 1.92 2.00 2.03 1.64 1.73 Net 1.20 1.34 1.51 1.26 1.38 1.50 1.09 1.16 1.23 1.30 investment Free cash 0.00 0.00 0.00 0.42 0.46 0.42 0.91 0.87 0.41 0.43 flow (ECE) Return on equity 0.12 0.12 0.12 0.12 0.12 0.115 0.11 0.105 0.08 0.08 (ROE) Asset 0.12 0.12 0.12 0.09 0.09 0.09 0.06 0.06 0.06 0.06 growth rate Earnings 0.12 0.12 0.12 0.09 0.04 0.04 0.01 -0.19 0.06 growth rate 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? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) million Present value Next >