At the beginning of its fiscal year 2006, an analyst made the following forecast for General Mills, Inc., the consumer foods company, for 20062009 (in millions of dollars): 2006 2007 Cash flow from operation $2,014 $2,057 Cash investment 300 380 2008 2009 $2,095 $2,107 442 470 General Mills reported $6,192 million in short-term and long-term debt at the end of 2005 but very little in interest-bearing debt assets. Assume that free cash flow will grow at 5 percent per year in 2010 and 2011, after that will grow at 4 percent per year. General Mills had 369 million shares outstanding at the end of 2005, trading at $47 per share. Use a required return of 9 percent, calculate the following at the beginning of 2006: (i) The enterprise value [9 marks] (ii) Equity value [2 mark] (iii) Equity value per share [2 marks] (iv) Based on your estimate, should investors buy the share of this company?