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)	52.8	69.8	78.6	76.7	81.9

Thereafter, the free cash flows are expected to grow at the industry average of 3.6% per year. Using the discounted free cash flow model and a weighted average cost of capital of 14.5%:

a.Estimate the enterprise value of Heavy Metal.

b.If Heavy Metal has no excess cash, debt of $299 million, and 45 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.)