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

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Heavy Metal Corporation is expected to generate the following free cash flows over the next five years: Year 2 3 4 5 FCF ($ million) 51.6 67478.6 73.5 80.1 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 13.7% a. Estimate the enterprise value of Heavy Metal b. If Heavy Metal has no excess cash, debt of $302 million, and 41 million shares outstanding, estimate its share price. a. Estimate the enterprise value of Heavy Metal. The enterprise value will be$million. (Round to two decimal places.)

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