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Need help with steps a and b. Thanks Heavy Metal Corporation is expected to generate the following free cash flows over the next five years:

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Need help with steps a and b.

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Heavy Metal Corporation is expected to generate the following free cash flows over the next five years: 1 2 4 5 Year FCF ($ million) 3 79.6 52.9 67.6 73.9 81.4 Thereafter, the free cash flows are expected to grow at the industry average of 4.3% per year. Using the discounted free cash flow model and a weighted average cost of capital of 13.4% a. Estimate the enterprise value of Heavy Metal. b. If Heavy Metal has no excess cash, debt of $300 million, and 40 million shares outstanding, estimate its share price a. Estimate the enterprise value of Heavy Metal The enterprise value will be s million. (Round to two decimal places.)

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