Question 2 5 pts Swatch, Inc. is thinking of acquiring Timex, Inc., and Swatch is attempting to determine the highest price per share it should be willing to pay for Timex. Last year (year O), Timex's FCF was $10 million, and in the next 3 years, the FCF is expected to be as shown in the table below. After that the FCF is expected to grow at an annual rate of 5%, forever. Year o Year 1 Year 2 Year 3 FCF ($ million) 10 11 12 13 Timex has $20 million in cash on hand now, but all of it is required for the firm's operations. Timex also has $50 million in debt and 10 million outstanding shares. Timex's WACC is 10%. 1. What is the continuation value at the end of year 3? million dollars (rounded to one digit after the decimal point). 2. What is Timex's enterprise value? million dollars (rounded to one digit after the decimal point) 3. What is the most Swatch, Inc. should be willing to pay per share for Timex, Inc.? dollars (rounded to one digit after the decimal point) 4. What will be your answer to part 3, if I told you that the cash that Timex has ($20 million) is not required to the firm's operations? dollars (rounded to one digit after the decimal point)