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)	52.7	66.8	77.4	74.8	83.3

Thereafter, the free cash flows are expected to grow at the industry average of 3.5 % 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 $ 304 million, and 37 million shares outstanding, estimate its share price