At the beginning of 2020, an analyst made the following forecast for P&G, Inc. (in millions of dollars! 2020 2021 2022 Cash flow from operations Cash investment $6,250 $2,120 7,456 2,475 7,523 2,656 P&G, Inc reported net debt of $7,280 million at the end of 2019. The required return for P&G, Inc. is 20%. Calculate the enterprise value for P&G, Inc at the beginning of 2020 assuming free cash flow will remain at 2022 levels after 2022 $22,530.92 million $20,983.45 million $16,520.00 million $23,800.00 million Please use the following information for the next 2 questions. Bedford International LLC reported $850 million in total assets and $510 million in debt. It had no interest bearing securities among its assets. In the income statement it reported $800 million in sales. Bedford's 80 million shares traded at $25 per share. Question 7 (4 points) Calculate Bedford's enterprise price to book ratio. 4.92 3.17 2.95 2.61