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)	53.2	68.1	79.3	74.3	83.5

Thereafter, the free cash flows are expected to grow at the industry average of

4.4%

per year. Use the discounted free cash flow model and a WACC of

13.8%

to estimate the following.

a. The enterprise value of Heavy Metal

b. Heavy Metal's share price if the company has no excess cash, debt of $289million, and39 million shares outstanding