bi "UL SHU UE LE PRICE x] 5. Heavy Metal Corporatio Metal Corporation is expected to generate the following free cash flows the next five years: Year 2 1 3 4 5 FCF ($ million) 53 68 78 75 82 After 5 years, the free cash flows are expected to grow at the industry average of 4% per year. Using the discounted free cash flow model and a weighted average cost of capital of 14%: 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