In workout A, we're being asked to calculate enterprise value. I'm going start from equity value and in order to get to that, I need to multiply the share price by the number of shares outstanding. Once we've done that, I need to add on any other sources of finance. So I add on short term debt, long term debt but I then want to net off any cash items. So subtract off cash and subtract off cash equivalents, which then gives me an enterprise value of 1,290,136.8. Workout B asks us to do the same thing, calculate enterprise value. So we start again by calculating our equity value (share price times by the number of shares outstanding). I then want to add on any other sources of finance, so non-controlling interests will be included there. So that's our shareholders in a subsidiary of the business. We add on short term debt and long term debt. Remember I really want net debt, so I need to subtract off any cash and cash equivalents. And I then need to subtract off any non-core assets. Which then gets me to my enterprise value of 292,172. In workout C, we're asked to calculate the implied share price. I'll have to firstly calculate the equity value, then divide that by the number of shares. So we need start by calculating equity value by going for the enterprise value. Now I've also got some non-core assets here, so I add on my financial assets. I'll add on cash and then subtract off any debt. And any other sources of finance, preferred stock. And I can then divide all that (so that's my equity value). I can then divide all of that by the number of shares outstanding. And then gets me to an implied share price of 14.0, and if I had another decimal place in there... 13.97.