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8 Problem 7-35 Valuing Businesses.(LO3) Consider the table given below to answer the following question. 4 points 4 5 6 8 18 Year Asset value Earnings Net investment 1.20 1.34 1.51 1.26 1.38 1.50 1.09 1.16 1.23 1.30 Free cash flow 10.00 11.20 12.54 14.05 15.31 16.69 18.19 19.29 20.44 21.67 1.20 1.34 1.51 1.69 1.84 1.92 2.00 2.03 1.64 1.73 Print 0.00 .0 .00 0.42 0.46 0.42 0.91 0.87 0.41 0.43 (FCF) References Return on equity (ROE) Asset growth rate 0.12 0.12 0.12 0.09 0.09 0.09 0.06 0.06 0.06 .06 Earnings growth rate 0.12 0.12 0.12 0.12 0.12 0.115 110.105 .08 0.08 0.12 0.12 0.12 0.09 0.04 .04 0.01 -0.19 0.06 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 8 Problem 7-35 Valuing Businesses.(LO3) Consider the table given below to answer the following question. 4 points 4 5 6 8 18 Year Asset value Earnings Net investment 1.20 1.34 1.51 1.26 1.38 1.50 1.09 1.16 1.23 1.30 Free cash flow 10.00 11.20 12.54 14.05 15.31 16.69 18.19 19.29 20.44 21.67 1.20 1.34 1.51 1.69 1.84 1.92 2.00 2.03 1.64 1.73 Print 0.00 .0 .00 0.42 0.46 0.42 0.91 0.87 0.41 0.43 (FCF) References Return on equity (ROE) Asset growth rate 0.12 0.12 0.12 0.09 0.09 0.09 0.06 0.06 0.06 .06 Earnings growth rate 0.12 0.12 0.12 0.12 0.12 0.115 110.105 .08 0.08 0.12 0.12 0.12 0.09 0.04 .04 0.01 -0.19 0.06 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