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Heavy Metal Corporation is expected to generate the following free cash flows over the next five years Year - 1 2 3 FCF (5 million)

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Heavy Metal Corporation is expected to generate the following free cash flows over the next five years Year - 1 2 3 FCF (5 million) 51.8 67.7 79.9 75.3 823 Thereafter, the free cash flows are expected to grow at the industry average of 3.9% per year. Using the discounted free cash flow model and a weighted average cost of capital of 13.2%: a. Estimate the enterprise value of Heavy Metal. b. If Heavy Metal has no excess cash, debt of $284 million, and 41 million shares outstanding, estimate its share price

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