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Heavy Metal Corporation is expected to generate the following cash flows over the next five years: Year 1 2 3 4 5 FCF ($ million)

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

Year

1

2

3

4

5

FCF ($ million)

51.3

66.5

79.9

73.1

83.3

After that, the free cash flows are expected to grow at the industry average of 4.2% per year. Using the discounted free cash flow model and a weighted average cost of capital of 14.8%:

The enterprise value will be $__________ million. (Round to two decimal places.)

If Heavy Metal has no excess cash, debt of $297 million, and 36 shares outstanding, its stock price per share will be $__________. (Round to two decimal places.)

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