A firm's stock is currently trading at $40 per share. Assume that the firm is in a stable growth phase with an expected long-term cashflow growth of 2.5%. Effective tax rate is 25%. The firm's debt carries a BBB credit rating. Most recent data available for the firm is as follows

All in $ millions except per share amounts and percentages
EBIT	$341
Capex	$25
Depreciation expense	$50
Change in Accounts Payable	- $45
Change in Inventories	- $25
Change in Accounts Receivable	- $50
Total debt	$1000
Cash and cash equivalents	$100
Shares outstanding	88
Beta	1.25
Default spread on BBB rated firms	1.5%
Market risk premium	5.5%
Yield to maturity on 30-year Treasury	2.9%

1. What is the firm's WACC?

1. What is the firm's free cash flow?

1. What is the firm's enterprise value and price per share?