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 10.30%. (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Intrinsic value $ 172.91 x b. Rio Tinto's actual beta is 1.05. (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Intrinsic value $ 33.50 c. The market risk premium is 9.50%. (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Intrinsic value $ 27.90 X B7 fx A B D E 11 G H 1 Div growth Term value Year 2019 1.1 0.08 2020 1 Inputs for GE 2 beta 3 mkt_prem 4 rf 5 k_equity 6 term_gwth 7 2021 0.029 0.1170 2022 Dividend 3.12 3.38 3.64 3.90 4.19 4.51 4.86 5.25 Investor CF 3.12 3.38 3.64 3.90 4.19 4.51 4.86 5.25 5.68 0.094 2023 0.0740 8 2024 2025 2026 9 5.68 2027 2028 0.0760 0.0780 0.0800 0.0820 0.0840 0.0860 0.0880 6.15 2029 2030 6.68 7.27 7.93 8.66 6.15 6.68 7.27 7.93 8.66 9.47 2031 0.0900 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 22 2032 2033 9.47 10.36 0.0920 0.0940 0.0940 2034 492.73 503.09 118.98 = PV of CF E17 * (1+F17)/(B5 - F17) NPV(B5,H2:H17)