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Heavy Metal Corporation is expected to generate the following free cash flows over the next five years: Year 1 2 3 4 5 FCF ($

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) 51.8 67.3 79.7 76.4 81.9 Thereafter, the free cash flows are expected to grow at the industry average of 3.7% per year. Using the discounted free cash flow model and a weighted average cost of capital of 14.1% : a. Estimate the enterprise value of Heavy Metal. b. If Heavy Metal has no excess cash, debt of $297 million, and $43 million shares outstanding, estimate its share price.

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