Heavy Metal Corp is expected to generate the following free cash flows over the next 5 years:

1 2 3 4 5

FCF(millions) 54.4 68.3 76.4 74.1 83.6

Thereafter, the free cash flows are expected to grow at the industry average of 3.7% per year. Using the discounted free cash flow model and a weighted average of capital of 13.2%:

a. Estimate the enterprise value of Heavy Metal

b. If Heavy Metal has no excess cash, dept of $287 million and 36 million share outstanding, estimate it's share price