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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

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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 10.90%. (Round your answer to 2 decimal places.) b. Rio Tinto's actual beta is 1.02. (Round your answer to 2 decimal places.) c. The market risk premium is 10.10%. (Round your answer to 2 decimal places.) \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|} \hline 1 & Inputs for GE & & & Year & Dividend & Div growth & Term value & Investor CF & \\ \hline 2 & beta & 1.3 & & 2019 & 3.12 & 11 & & 3.12 & \\ \hline 3 & mikt_prem & 0.08 & & 2020 & 3.38 & 11 & & 3.38 & \\ \hline 4 & if & 0.029 & & 2021 & 3.64 & & & 3.64 & \\ \hline 5 & k_equity & 0.1330 & & 2022 & 3.90 & 11 & & 3.90 & \\ \hline 6 & term.gwth & 0.100 & & 2023 & 4.19 & 0.0740 & & 4.19 & \\ \hline 7 & & & & 2024 & 4.51 & 0.0766 & & 4.51 & \\ \hline 8 & & & & 2025 & 4.87 & 0.0792 & & 4.87 & \\ \hline 9 & & & & 2026 & 5.26 & 0.0818 & & 5.26 & \\ \hline 10 & & & & 2027 & 5.71 & 0.0844 & & 5.71 & \\ \hline 11 & & & & 2028 & 6 & 0.0870 & & 6.21 & \\ \hline 12 & Valueline & & & 2029 & 6.76 & 0.0896 & & 6.76 & \\ \hline 13 & forecasts of & & & 2030 & 7.39 & 0.0922 & & 7.39 & \\ \hline 14 & annual dividends & & & 2031 & 8.09 & 0.0948 & & 8.09 & \\ \hline 15 & & & & 2032 & 8.87 & 0.0974 & III & \begin{tabular}{l|l|} 8.87 \\ \end{tabular} & \\ \hline 16 & & & & 2033 & 9.76 & 0.1000 & min & 9.76 & \\ \hline 17 & Transitional perio & & & 2034 & 10.74 & 0.1000 & 357.87 & 368.61 & \\ \hline 18 & with slowing divid & dend & & & & & & & \\ \hline 19 & growth & & 1= & & & 17 & & 80.23 & =PV of CF \\ \hline 20 & & Beginning & of constant & & E17(1+F17 & 7)/(85F17) & & + & \\ \hline 21 & & growth per & riod & & & & & NPV(BS,H2:H17 & \\ \hline \end{tabular}

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