eavy 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	3	4	5
FCF ($ million)	51.9	67.5	76.9	76.3	80.9

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

14.7%:

a. Estimate the enterprise value of Heavy Metal.

b. If Heavy Metal has no excess cash, debt of

$319

million, and

44

million shares outstanding, estimate its share price.

a. Estimate the enterprise value of Heavy Metal.

The enterprise value will be

$enter your response here

million. (Round to two decimal places.)b. If Heavy Metal has no excess cash, debt of

$319

million, and

44

million shares outstanding, estimate its share price.The stock price per share will be

$enter your response here.

(Round to two decimal places.)