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Heavy Metal Corporation is expected to generate the following free cash flows over the next five years: Thereafter, the free cash flows are expected to

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image text in transcribed Heavy Metal Corporation is expected to generate the following free cash flows over the next five years: 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 13.6% : a. Estimate the enterprise value of Heavy Metal. b. If Heavy Metalhas no excess cash, debt of $310 million, and 37 million shares outstanding, estimate its share price. (Click on the following icon in order to copy its contents into a spreadsheet.)

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