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You received no credit for this question in the previous attempt. Consider the table given below to answer the following question. Assuming that competition drives

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You received no credit for this question in the previous attempt. 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 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 12% cost of capital. Note: Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places. You received no credit for this question in the previous attempt. 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 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 12% cost of capital. Note: Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places

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