Heavy Metal Corporation is expected to generate the following free cash flows over the next five years:(Click on the following icon

in order to copy its contents into a spreadsheet.)

Year	1	2	3	4	5
FCF ($ million)	53.7	66.5	77.1	74.7	80.8

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

4.3%

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

$295

million, and

42

million shares outstanding, estimate its share price.

a. Estimate the enterprise value of Heavy Metal.

The enterprise value will be

$enter your response here

million. (Round to two decimal places.)