1. What is the FCFF of a firm with revenues of $400 million, operating profit margin of 30%, tax rate of 35%, depreciation and amortization expense of $20 million, capital expenditures of $40 million, acquisition expenses of $5 million and change in net working capital of $20 million? Answer in millions, rounded to one decimal place (e.g., $245,684,235 = 245.7). (Assume non-operating income and expenses are zero, so that EBIT = Operating income.)

2. What's the FCFF of a company with revenues of $900 million, operating profit margin of 25%, tax rate of 35% and reinvestment rate of 20%? Answer in millions, rounded to one decimal place. (e.g., $256,937,122 = 256.9) (Assume that non-operating incomes and expenses are zero, so that EBIT = Operating income.)

3. A company is projected to generate free cash flows of $200 million per year for the next 3 years (FCFF1, FCFF2 and FCFF3). Thereafter, the cash flows are expected to grow at a 1.5% rate in perpetuity. The company's cost of capital is 12.0%. What is your estimate for its enterprise value? Answer in millions, rounded to one decimal place (e.g., $213,456,789 = 213.5).