Given the following information, please value Disney

Disney current year's EBIT: $10,032$ million

Effective tax rate: $31\%$

Change of working capital: $103$ million

Capital Expenditures $($including acquisitions$)=$$$5,239$ million

Depreciation & Amortization $=$$$2,192$ million

Beta: $1\mathrm{.}01$

Market risk premium: $5\mathrm{.}76\%$

Risk free rate: $2\mathrm{.}5\%$

Credit rating: $AA$

Credit default spread: $3\%$

Book value of Debt: $42,102$ million

Market value of equity: $209,000$ million

In the first $5$ years, Disney is expected to have a high growth stage, with return on capital of $12\mathrm{.}61\%.$ Starting from year $6,$ Disney will become a mature firm with a stable growth rate of $2\mathrm{.}5\%.$ The return on capital will decline to $10\%.$

What is the reinvestment rate starting from year $6?$

$53\%$

$54\%$