Please select the appropriate steps in calculating the equity value per share from an unlevered DCF.

1. Equity Value per Share = Enterprise Value plus Net Debt, all divided by diluted shares outstanding

2. Equity Value per Share = Enterprise Value minus Debt plus Cash, all divided by diluted shares outstanding

3. Equity Value per Share = Enterprise Value minus Cash plus Debt, all divided by diluted shares outstanding

4. Equity Value per Share = An unlevered DCF discounted at the cost of equity will return equity value, then divide by diluted shares outstanding