Calculate the intrinsic value of Rio Tinto shares using the free cash flow model of Spreadsheet $18\mathrm{.}2.$ Treat each scena independently.

a$.$ Rio Tinto's P$/$E ratio starting in $2022($cell G$3)$ will be $11.($Round your intrinsic value to the nearest whole number value to $2$ decimal places.$)$

b$.$ Rio Tinto's unlevered beta $($cell B$22)$ is $1\mathrm{.}2.($Round your intrinsic value to the nearest whole number and per shar decimal places.$)$

$\backslash$table$[[,$Intrinsic Value,Per Share$],[$PV$($FCFF$),,],[$PV$($FCFE$),,]]$

c$.$ The market risk premium $($cell B$27)$ is $7\mathrm{.}5\%.($Round your intrinsic value to the nearest whole number and per shat decimal places.$)$independently$.$

a$.$ Rio Tinto's P$/$E ratio starting in $2022($cell G$3)$ will be $11.($Round your intrinsic value to the nearest whole number and per share

value to $2$ decimal places.$)$

b$.$ Rio Tinto's unlevered beta $($cell B$22)$ is $1\mathrm{.}2.($Round your intrinsic value to the nearest whole number and per share value to $2$

decimal places.$)$

c$.$ The market risk premium $($cell B$27)$ is $7\mathrm{.}5\%.($Round your intrinsic value to the nearest whole number and per share value to $2$

decimal places.$)$