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nal Exam < Question 3, P 10-6 (book/static) Test Score: 55.71%, 39 of 70 points Points: 0 of 10 Close Heavy Metal Corporation is

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nal Exam < Question 3, P 10-6 (book/static) Test Score: 55.71%, 39 of 70 points Points: 0 of 10 Close Heavy Metal Corporation is expected to generate the following free cash flows over the next five years: per year. Using the discounted free cash flow model and a weighted average cost of capital of 14.0%: a. Estimate the enterprise value of Heavy Metal. Thereafter, the free cash flows are expected to grow at the industry average of 4.0% b. If Heavy Metal has no excess cash, debt of $300 million, and 40 million shares outstanding, estimate its share price.

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