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Heavy Metal Corporation is expected to generate the following free cash flows over the next five years: Year 2 FCF ($ million) 52.966.278.3 75.6 80.6

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Heavy Metal Corporation is expected to generate the following free cash flows over the next five years: Year 2 FCF ($ million) 52.966.278.3 75.6 80.6 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 13.6%; a. Estimate the enterprise value of Heavy Metal b. If Heavy Metal has no excess cash, debt of $294 million, and 35 million shares outstanding, estimate its share price

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