4. 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).

7. A company is forecasted to generate free cash flows of $40 million next year (t=1) and $70 million the year after (t=2). After that, cash flows are projected to grow at a 2.5% annual rate in perpetuity. The company's cost of capital is 10%. What's its enterprise value today? Answer in millions, rounded to one decimal place (e.g., $423,124,998 = 423.1)

8. A company is projected to generate free cash flows of $12 million per year for the next two years, followed by a stable growth of 2.5% per year in perpetuity. The company's cost of capital is 9%. It has $8 million worth of debt and $4 million of cash. There are 16 million shares outstanding. What's the estimated share value based on these projections? Round to one decimal place.