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

in order to copy its contents into a spreadsheet.)

Year	1	2	3	4	5
FCF ($ million)	54.3	68.3	77.6	76.6	83.5

After that, 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

13.1%:

a. Estimate the enterprise value of Heavy Metal.

b. If Heavy Metal has no excess cash, debt of

$280

million, and

35

million shares outstanding, estimate its share price.

a. Estimate the enterprise value of Heavy Metal.

The enterprise value will be

$enter your response here

million. (Round to two decimal places.)