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Heavy Metal Corporation is expected to generate the following free cash flows over the next five years: Year FCF (5 million) 1 54.8 2 66.7

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Heavy Metal Corporation is expected to generate the following free cash flows over the next five years: Year FCF (5 million) 1 54.8 2 66.7 3 79.1 5 80.1 73.8 Thereafter, the free cash flows are expected to grow at the industry average of 4.1% per year. Using the discounted free cash flow model and a weighted average cost of capital of 14.6%: a. Estimate the enterprise value of Heavy Metal. b. If Heavy Metal has no excess cash, debt of $313 million, and 45 million shares outstanding, estimate its share price

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