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3 77.2 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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3 77.2 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 1 2 4 5 FCF ($ million) 52.5 69.6 75.5 81.6 After that, the free cash flows are expected to grow at the industry average of 3.8% per year. Using the discounted free cash flow model and a weighted average cost of capital of 14.4%: a. Estimate the enterprise value of Heavy Metal. b. If Heavy Metal has no excess cash, debt of $319 million, and 42 million shares outstanding, estimate its share price. a. Estimate the enterprise value of Heavy Metal The enterprise value will be $ million (Round to two decimal places.)

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