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Consider the following balance sheet and income statement for Mmm Good Foods Inc. (the company that operates Tasty Fried Chicken and Pizza Party), in condensed form, including some information from the cash flow statement: (amounts are in millions)

	Mmm Good Foods Inc.
Balance Sheet	2016
Cash and short-term Investments	$	708
Accounts receivable		374
Inventory		40
Other current assets		392
Long-lived assets		4,020
Total assets	$	5,534
Current liabilities	$	1,389
Total liabilities		11,142
Noncontrolling interest
Shareholders equity		(-5,608	)
Total liabilities and equity	$	5,534
Income Statement
Sales	$	6,406
Cost of sales		3,518
Gross margin	$	2,888
Earnings before interest and taxes	$	1,629
Interest		311
Taxes		328
Income from discontinued operations		621
Net income	$	1,611
Share price	$	67
Earnings per share		4.51
Number of outstanding shares (millions)		355.4
Cash Flows
Cash flow from operations	$	1,208
Capital expenditures		426
Dividends		764

Determine the valuation of the company at the end of 2016 using each of the following three methods. Assume earnings and cash flows for the coming 10 years are equal to the earnings and cash flows in 2016; the appropriate free cash flow multiple is 23.4. (Enter your answers in millions rounded to nearest whole number.)

a. Market capitalization _____

b. Enterprise value ______

c. Free cash flow multiple ________

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