Calculate the intrinsic value of GE 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 9.10%. (Round your answer to 2 decimal places.) Intrinsic value b. GE's actual beta is 1.02.(Round your answer to 2 decimal places.) Intrinsic value c. The market risk premium is 9.20%. (Round your answer to 2 decimal places.) Intrinsic value A B D E G . Div growth Term value Investor CF 1.04 1.23 1.41 1.60 1.85 2.11 1 Inputs for GE 2 beta 1.1 3 mkt_prem 0.08 4 rf 0.025 5 k_equity 0.1130 6 term_gwth 0.060 7 8 9 10 11 12 Value line 13 forecasts of 14 annual dividends 15 16 17 Transitional period 18 with slowing dividend 19 growth 20 Beginning of constant 21 growth period Year 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 Dividend 1.04 1.23 1.41 1.60 1.85 2.11 2.40 2.70 3.02 3.34 3.67 3.99 4.31 4.61 4.89 5.18 0.1544 0.1450 0.1355 0.1261 0.1166 0.1072 0.0978 0.0883 0.0789 0.0694 0.0600 0.0600 2.40 2.70 3.02 3.34 3.67 3.99 4.31 4.61 4.89 108.75 103.57 35.70 = PV of CF E17*(1+F17\/(B5 - F17) NPV(B5, H2:H17)