Consider the following balance sheet and income statement for Mmm Good Foods Inc. (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 Inc.
Balance Sheet	2016
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 2016 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 2016; 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 c. Free cash flow multiple million million