1.) What is the free cash flow of a firm with revenues of $357 million, operating profit margin of 34%, tax rate of 32%, depreciation and amortization expense of $22 million, capital expenditures of $38 million, acquisition expenses of $6 million and change in net working capital of $18 million? Answer in millions, rounded to one decimal place (e.g., $245.63 = 245.6).

2.) You are valuing Soda City Inc. It has $139 million of debt, $74 million of cash, and 189 million shares outstanding. You estimate its cost of capital is 9.1%. You forecast that it will generate revenues of $731 million and $769 million over the next two years. Projected operating profit margin is 36%, tax rate is 22%, reinvestment rate is 51%, and terminal exit value multiple at the end of year 2 is 10. What is your estimate of its share price? Round to one decimal place. [Hint: Compute projected FCFF for years 1 and 2 based on info provided, compute terminal value using the exit multiple method, discount it all to find EV, walk the bridge to Equity, divide by number of shares outstanding.]