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) 52.1 66.4 79.4 76.1 81.7 Thereafter, the free cash flows are expected to grow at the industry average 3.8% per year. Using the discounted free cash flow model and a weighted average cost of capital of 14.9%:

a.Estimate the enterprise value of Heavy Metal.

b.If Heavy Metal has no excess cash, debt of $290 million, and 44 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 $290 million, and 44 million shares outstanding, estimate its share price.

The stock price per share will be $____. (Round to the nearest cent.)