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Heavy Metal Corporation is expected to generate the following free cash flows over the next five years: Year - 1 52.6 2 68.7 3 79.

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Heavy Metal Corporation is expected to generate the following free cash flows over the next five years: Year - 1 52.6 2 68.7 3 79. 6 4 7 6.8 5 81.7 FCF ($ million) 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 14.1% a. Estimate the enterprise value of Heavy Metal. b. If Heavy Metal has no excess cash, debt of $311 million, and 38 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.)

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