Consider the table given below to answer the following question. 1 2 3 4 10 35.73 Asset value Earnings 3.57 Net investment Year 5 6 7 8 9 14.00 15.96 18.19 20.74 23.02 25.56 28.37 30.64 33.09 1.96 2.23 2.55 2.90 3.22 3.45 3.69 3.83 3.31 1.96 2.23 2.55 2.28 2.53 2.81 2.27 2.45 2.65 2.86 0.62 0.69 0.64 1.42 1.38 0.66 0.71 0.14 0.14 0.14 0.14 0.14 0.135 0.13 0.125 0.10 0.10 0.14 0.14 0.14 0.11 0.11 0.11 0.08 0.08 0.08 0.08 0.14 0.14 0.14 0.11 0.07 0.07 0.04 -0.14 0.08 Free cash flow (FCF) Return on equity (ROE) Asset growth rate Earnings growth rate. Assuming that competition drives down profitability (on existing assets as well as new investment) to 13.5% in year 6, 13% in year 7, 12.5% in year 8, and 10% in year 9 and all later years. What is the value of the concatenator business? Assume 13% cost of capital. (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) Present value million Consider the table given below to answer the following question. 1 2 3 4 10 35.73 Asset value Earnings 3.57 Net investment Year 5 6 7 8 9 14.00 15.96 18.19 20.74 23.02 25.56 28.37 30.64 33.09 1.96 2.23 2.55 2.90 3.22 3.45 3.69 3.83 3.31 1.96 2.23 2.55 2.28 2.53 2.81 2.27 2.45 2.65 2.86 0.62 0.69 0.64 1.42 1.38 0.66 0.71 0.14 0.14 0.14 0.14 0.14 0.135 0.13 0.125 0.10 0.10 0.14 0.14 0.14 0.11 0.11 0.11 0.08 0.08 0.08 0.08 0.14 0.14 0.14 0.11 0.07 0.07 0.04 -0.14 0.08 Free cash flow (FCF) Return on equity (ROE) Asset growth rate Earnings growth rate. Assuming that competition drives down profitability (on existing assets as well as new investment) to 13.5% in year 6, 13% in year 7, 12.5% in year 8, and 10% in year 9 and all later years. What is the value of the concatenator business? Assume 13% cost of capital. (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) Present value million