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Heavy Metal Corporation is expected to generate the following free cash flows over the next five years: Year 1 2 3 4 5 FCF ($

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) 53.6 69.7 79.4 73.3 82.4 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 14.4 % : a.Estimate the enterprise value of Heavy Metal. b.If Heavy Metal has no excess cash, debt of $ 301 million, and 42 million shares outstanding, estimate its share price.

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