Problem 18-15 Calculate the intrinsic value of GE 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 9.30%. (Round your answer to 2 decimal places.) Intrinsic value b. GE's actual beta is 1.04. (Round your answer to 2 decimal places.) Intrinsic value c. The market risk premium is 9.40%. (Round your answer to 2 decimal places.) Intrinsic value Home S Spreadsheet 18.1.xlsx A = Menu E Demo Home Insert Page Layout Formulas Data Review View Tools Calibri 11 -AA General X Cut A Paste- D Capy Format B / US L Merge & Center - Wrap Text Symbol - Auta Sum - Filter Sort - Format - Fill - ==||| 0 - % 49.99 Conditional Formatting .00 +.0 Format as Table A29 L M N 0 P Q R R S WES Premium how supported more than 3D Inks of privilegas, Buy now and enjoy the first clays for treni Buy Now A C D E F G H 1 | Inputs for GE Year Dividend Div growth Term value Investor CF 2 Leta 1.1 20171 1.04 1.04 3 mkt_prem 0.06 2018 | 1.23 1.23 4 4 rf 0.025 2019 1.41 1.41 5 k_equity 0.1130 20201 1.60 1.60 term qwti 0.060 2021 1.85 0.1544 1.85 2022 2.11 0.1455 2.11 8 2023 2.40 0.135s 2.40 2024 2.70 0.1261 2.70 10 2005 2.02 0.1108 3.02 11 2026 3.341 0.1072 3.34 12 Value line 2027 3.67 0.0979 3.67 13 forecasts of 2028 3.99 0.0883 3.99 14 annual dividends 2029 4.31 0.0769 431 15 2000 4.61 0.0694 4.61 16 2031 1.89 0.0000 4.89 17 Transitional period 2002 5.10 0.0600 103.57 109.75 18 with slowing divoend 19 growth 35.70 - PV of CF 20 Beginning of constant E17 (1+F177BS - F171 21 arowth period NPVB5,H2:117) 22 22 24 25 27 28 29 SO 31 32 33 K Sprd 18.1 + Local backup an , + 100 %