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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

image text in transcribed 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.)

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