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(Hello - I'm posting this question for a second time. It appears the original answer provided was incorrect) 0. Heavy Metal Corporation is expected to
(Hello - I'm posting this question for a second time. It appears the original answer provided was incorrect)
0. Heavy Metal Corporation is expected to generate the following free cash flows over the next five years: After that, 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 14.6% : a. Estimate the enterprise value of Heavy Metal. b. If Heavy Metal has no excess cash, debt of $282 million, and 43 million shares outstanding, estimate its share priceStep by Step Solution
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