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 11.70%. (Round your answer to 2 decimal places.) X Answer is complete but not entirely correct. Intrinsic value $ 0.12 x b. Rio Tinto's actual beta is 1.08. (Round your answer to 2 decimal places.) X Answer is complete but not entirely correct. term_g fx 0.108 A B E F G I J L M N o P Q R Year Div growth Term value 1.6 2019 Dividend 3.12 3.38 3.64 Investor CF 3.12 3.38 0.08 1 Inputs for GE 2 beta 3 mkt_prem 4 rf 5 k_equity 6 term_gwth 7 8 2020 2021 2022 0.029 0.1570 0.108 1 3.90 2023 2024 2025 4.19 4.51 4.88 5.29 5.75 3.64 3.90 4.19 4.51 4.88 5.29 5.75 6.27 2026 2027 6.27 2028 2029 2030 0.0740 0.0774 0.0808 0.0842 0.0876 0.0910 0.0944 0.0978 0.1012 0.1046 0.1080 0.1080 6.87 6.87 7.54 7.54 8.30 2031 8.30 2032 9.17 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 22 9.17 2033 10.16 10.16 11.26 2034 254.56 265.82 52.11 = PV of CF E17 * (1+F17)/(B5 - F17) NPV(B5,H2:H17) 23