Consider the following balance sheet and income statement for Mmm Good Foods Incorporated (the company that operates Tasty Fried Chicken and Pizza Party), in condensed form, including some information from the cash flow statement: (amounts are in millions) Mmm Good Foods Incorporated Balance Sheet 2019 Cash and short-term Investments $ 722 Accounts receivable 388 Inventory 54 Other current assets 462 Long-lived assets 4,104 Total assets $ 5,730 Current liabilities $ 1,459 Total liabilities 11,170 Noncontrolling interest Shareholders' equity (5,440) Total liabilities and equity S5.730 Income Statement Salos $ 6.546 Cost of sales 3,588 Gross margin $ 2,958 Earnings before interest and taxes $ 1,643 Interest 325 Taxes 342 Income from discontinued operations 607 Net Income $ 1,583 Share price $ 81 Earnings per share 5.91 Number of outstanding shares (millions) 356.8 Cash Flows Cash flow from operations $1,222 Capital expenditures 404 Dividends 784 Required: Determine the valuation of the company at the end of 2019 using each of the following three methods. Assume earnings and cash flows for the coming 10 years are equal to the earnings and cash flows in 2019; the appropriate free cash flow multiple is 23.4. (Enter your answers in millions rounded to nearest whole number.) a. Market capitalization. b. Enterprise value c. Free cash flow multiple. million a. Market capitalization b. Enterprise value G. Free cash flow multiple million million References Worksheet Difficulty: 2 Medium Learning Objective: 20-04 Apply the different methods for business analysis and business valuation