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

Heavy Metal Corporation is expected to generate the following free cash flows over the next five years: Thereafter, the free cash flows are expected to grow at the industry average of 4.3% per year. Using the discounted free cash flow model and a weighted average cost of capital of 14.9% :
a. Estimate the enterprise value of Heavy Metal.
b. If Heavy Metal has no excess cash, debt of $302 million, and 44 million shares outstanding, estimate its share price.
Data table
(Click on the following icon in order to copy its contents into a spreadsheet.)
Year 1
2
3
4
5
FCF ($ million)
51.4
68.8
78.5
74.2
81.6
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