1. A company is projected to generate free cash flows of $20 million per year for the next three years, followed by a stable growth of 2% per year in perpetuity. The company's cost of capital is 10%. It has $10 million worth of debt and $5 million of cash. There are 25 million shares outstanding. What's the estimated share value based on these projections? Round to the nearest cent (two decimal places).

2. Consider a company with earnings before interest and taxes (EBIT) of $429,000, tax rate of 17%, depreciation and amortization expenses of $57,000, capital expenditures of $83,000, acquisition expenses of $27,000 and change in working capital of $41,000. How much is its free cash flow during that period? Round to the nearest cent.

3. As of October 5th 2022, Apple's equity value (market capitalization) was approximately $2,316 billion. Apple has $109 billion in long-term debt and $63 billion in cash and cash equivalents. What was Apple's enterprise value? Answer in billion dollars, rounded to a whole number (e.g., $1,528.43 billion = 1528).