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Heavy Metal Corporation is expected to generate the following free cash ows over the next ve years: (Click on the following icon D in order

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Heavy Metal Corporation is expected to generate the following free cash ows over the next ve years: (Click on the following icon D in order to copy its contents into a spreadsheet.) Year 1 2 3 4 5 FCF ($ million) 51.1 66.8 78.2 76.2 80.7 After that, the free cash ows are expected to grow at the industry average of 4.4% per year. Using the discounted free cash ow model and a weighted average cost of capital of 14.9%: 3. Estimate the enterprise value of Heavy Metal. b. If Heavy Metal has no excess cash, debt of $297 million, and 42 million shares outstanding, estimate its share price. a. Estimate the enterprise value of Heavy Metal. The enterprise value will be $ million. (Round to two decimal places.) b. If Heavy Metal has no excess cash, debt of $297 million, and 42 million shares outstanding, estimate its share price. The stock price per share will be $ . (Round to two decimal places.)

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