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Heavy Metal Corporation is expected to generate the following free cash flows over the next three years: Year 1 2 3 FCF ( $ million

Heavy Metal Corporation is expected to generate the following free cash flows over the next three years:
Year
1
2
3
FCF($ million)
18
35
52
Thereafter, the free cash flows are expected to grow at the industry average of 3.9% per year. Using the discounted free cash flow model and a weighted average cost of capital of 13.3%:
a.Estimate the enterprise value of Heavy Metal.
b.If Heavy Metal has no excess cash, debt of $ 309million, and 41 million shares outstanding, estimate its share price.

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