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 11.80%. (Round your answer to 2 decimal places.) Intrinsic value b. Rio Tinto's actual beta is 1.09. (Round your answer to 2 decimal places.) Intrinsic value c. The market risk premium is 11.00%. (Round your answer to 2 decimal places.) Intrinsic value Year Inputs for GE beta 1.7 2019 0.08 2020 2021 mkt_prem rf k_equity term_gwth 0.029 0.1650 0.109 2022 Dividend Div growth Term value Investor CF 3.12 3.12 3.38 3.38 3.64 3.64 3.90 3.90 4.19 0.0740 4.19 4.51 0.0775 4.51 4.88 0.0810 4.88 5.29 0.0845 5.29 5.76 0.0880 5.76 2023 2024 2025 2026 2027 2028 6.28 0.0915 6.28 2029 0.0950 Value line forecasts of annual dividends 6.88 7.56 6.88 7.56 2030 0.0985 0.1020 2031 8.33 8.33 9.21 2032 9.21 0.1055 2033 0.1090 10.21 11.32 10.21 235.59 2034 0.1090 224.26 Transitional period with slowing dividend growth Beginning of constant growth period 45.62] = PV of CF E17 * (1+ F17)/(B5 - F17) NPV(B5,H2:H17)