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Heavy Metal Corporation is expected to generate the following free cash flows over the next five years Year 2 FCF (S million) 53.467.5 78.473.3 81.9

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Heavy Metal Corporation is expected to generate the following free cash flows over the next five years Year 2 FCF (S million) 53.467.5 78.473.3 81.9 Thereafter, the free cash flows are expected to grow at the industry average of 3.9% 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 $315 million, and 38 million shares outstanding, estimate its share price

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