AZZ D E F G H I a. Estimate the enterprise value of Heavy Metal. If Heavy Metal has no excess cash, debt of $300 million, and 40 million shares outstanding, estimate its share price. 1 2 3 4 5 Year Free Cash Flow (million) 53 S 685 785 75 S 82 Growth rate Number of periods Average cost of capital a. Estimate the enterprise value of Heavy Metal. Cash flow in year 6 (million) Value, in year 5, of the growing perpetuity (million) Enterprise value (million) If Heavy Metal has no excess cash, debt of $300 million, and 40 million shares outstanding, estimate its share price. Excess cash (million) Debt (million) Number of shares (million) Price per share