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12 The Following data apply to the next two questions. Heavy Metal Corporation is expected to generate the following free cash flows over the next

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The Following data apply to the next two questions. Heavy Metal Corporation is expected to generate the following free cash flows over the next five years: year FCFF($ millions) 52.2 1 2 68.7 02 3 77.2 4 75.6 5 80.5 After then, the free cash flows are expected to grow at the industry average of 4.1% per year. Using the discounted free cash flow model (FCFF) and a weighted average cost of capital (WACC) of 14.9%: 12 of 40 If Heavy Metal has no excess cash, debt of $306 million, and 42 million shares outstanding, estimate its share price. O A. $6.27 O B. $6.43 O C. $7.98 OD. $7.77 O E. None of the above Unsure

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