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Heavy Metal Corporation is expected to generate the following free cash flows over the next three years: Year 1 2 3 FCF ($ million) 22

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Heavy Metal Corporation is expected to generate the following free cash flows over the next three years: Year 1 2 3 FCF ($ million) 22 41 52 Thereafter, the free cash flows are expected to grow at the industry average of 4.2 % 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 $ 293 million, and 39 million shares outstanding, estimate its share price. a. Estimate the enterprise value of Heavy Metal. The enterprise value will be $million. (Round to two decimal places.) b. If Heavy Metal has no excess cash, debt of $ 293 million, and 39 million shares outstanding, estimate its share price.The stock price per share will be(Round to the nearest cent.)

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