Heavy Metal Corporation is expected to generate the following free cash flows over the next five years: $7.$ Thereafter, the free cash flows are expected to grow at the industry average of $4\mathrm{.}2\%$ per year. Using the discounted free cash flow model and a weighted average cost of capital of $13\mathrm{.}8\%$ :

a$.$ Estimate the enterprise value of Heavy Metal.

b$.$ If Heavy Metal has no excess cash, debt of $$308$ million, and $37$ million shares outstanding, estimate its share price.

a$.$ Estimate the enterprise value of Heavy Metal.

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

Data table

$\backslash$table$[[($Click on the following icon in order to copy its contents into a spreadsheet.$)],[$Year$,1,2,3,4,5],[$FCF $($$ million$),53\mathrm{.}1,66\mathrm{.}4,78\mathrm{.}5,75\mathrm{.}3,80\mathrm{.}7]]$

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