eavy Metal Corporation is expected to generate the following free cash flows over the next five years:

Year	1	2	3	4	5
FCF ($ million)	53.6	67.3	78.4	73.1	80.3
(Click on the icon located on the top-right corner of the data table in order to copy its contents into a spreadsheet.)

After that, the free cash flows are expected to grow at the industry average of

4.5%

per year. Using the discounted free cash flow model and a weighted average cost of capital of

14.3%:

a. Estimate the enterprise value of Heavy Metal.

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

$309

million, and

45

million shares outstanding, estimate its share price.