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	$ 707
Accounts receivable	373
Inventory	39
Other current assets	387
Long-lived assets	4,014
Total assets	$ 5,520
Current liabilities	$ 1,384
Total liabilities	11,140
Noncontrolling interest
Shareholders equity	(5,620)
Total liabilities and equity	$ 5,520
Income Statement
Sales	$ 6,396
Cost of sales	3,513
Gross margin	$ 2,883
Earnings before interest and taxes	$ 1,628
Interest	310
Taxes	327
Income from discontinued operations	622
Net income	$ 1,613
Share price	$ 66
Earnings per share	4.41
Number of outstanding shares (millions)	355.3
Cash Flows
Cash flow from operations	$ 1,207
Capital expenditures	425
Dividends	759

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.