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1 4 Heavy Metal Corporation is expected to generate the following free cash flows over the next five years: (Click on the following icon in

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1 4 Heavy Metal Corporation is expected to generate the following free cash flows over the next five years: (Click on the following icon in order to copy its contents into a spreadsheet.) Year 2 3 5 FCF (5 million) 53.0 68.0 78.0 75.0 82.0 After that, the free cash flows are expected to grow at the industry average of 4.0% per year. Using the discounted free cash flow model and a weighted average cost of capital of 14.0%: a. Estimate the enterprise value of Heavy Metal. b. If Heavy Metal has no excess cash, debt of $300 million, and 40 million shares outstanding, estimate its share price

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