Consider the table given below to answer the following question.

Assuming that competition drives down profitability (on existing assets as well as new investment) to 11.5% in year 6, 11% in year 7, 10.5% in year 8, and 8% in year 9 and all later years. What is the value of the concatenator business? Assume 10% cost of capital.

Note: Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.

Consider the table given below to answer the following question. Assuming that competition drives down profitability (on existing assets as well as new investment) to 11.5% in year 6 , 11% in year 7,10.5% in year 8 , and 8% in year 9 and all later years. What is the value of the concatenator business? Assume 10% cost of capital. Note: Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places. Consider the table given below to answer the following question. Assuming that competition drives down profitability (on existing assets as well as new investment) to 11.5% in year 6 , 11% in year 7,10.5% in year 8 , and 8% in year 9 and all later years. What is the value of the concatenator business? Assume 10% cost of capital. Note: Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places