generate the following free cash flows over the next five years:

Year	1	2	3	4	5
FCF ($ million)	51.6	67.3	77.6	76.4	80.7

. Thereafter, the free cash flows are expected to grow at the industry average of 3.4% per year. Using the discounted free cash flow model and a weighted average cost of capital of 13.8%:

a. Estimate the enterprise value of Heavy Metal.

b. If Heavy Metal has no excess cash, debt of $299 million, and 40 million shares outstanding, estimate its share price.