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 Tintos 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=