(3) Question 3: Calculate the Enterprise Value of Color-Me-Red on a Stand-Alone Basis (a) Calculate the present value of the annual stand-alone free cash flows from Color-Me-Red in each of years 1 to 5. (b) Calculate the present value of the terminal value of Color-Me-Red. (c) Calculate the discounted cash flows for Color-Me-Red on a stand-alone basis. (d) Calculate the implied share price of Color-Me-Red as a stand-alone firm. (4) Question 4: Calculate the present value of the Cash Flows for Color-Me-Red as part of SNAP Cosmetics (5) Question 5: What is the maximum stock price that SNAP Cosmetics should offer to shareholders of Color-Me-Red