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

year	1	2	3	4	5
FCF $ million	54.5	66.8	79.2	74.1	81.4

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 13.9 %: a.Estimate the enterprise value of Heavy Metal. b.If Heavy Metal has no excess cash, debt of $ 308 million, and 40 million shares outstanding, estimate its share price. a.Estimate the enterprise value of Heavy Metal.