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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 '3 in order
Heavy Metal Corporation is expected to generate the following free cash ows over the next ve years: (Click on the following icon '3 in order to copy its contents into a spreadsheet.) Year 1 2 3 4| 5 FCF (3 million) 51.4 53.2 ??.2 T33 30.4 After that, the free cash ows are expected to grow at the industry average of 3.?% per year. Using the discounted free cash ow model and a weighted average cost of capital of 141%: a. Estimate the enterpn'se value of Heavy Metal. b. If Heavy Metal has no excess cash, debt of $292 million, and 40 million shares outstanding, estimate its share price. a. Estimate the enterpn'se value of Heavy Metal. The enterprise value will be $ million. {Round to two decimal places.)
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