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)	51.551.5	68.768.7	77.977.9	73.573.5	83.883.8
?(Click on the icon located on the? top-right corner of the data table in order to copy its contents into a spreadsheet.?)

After? that, the free cash flows are expected to grow at the industry average of

3.6 %3.6%

per year. Using the discounted free cash flow model and a weighted average cost of capital of

13.3 %13.3%?:

a. Estimate the enterprise value of Heavy Metal.

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

$ 286$286

?million, and

4040

million shares? outstanding, estimate its share price.

a. Estimate the enterprise value of Heavy Metal.

The enterprise value will be

?$nothing

million. ? (Round to two decimal? places.)