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Please answer ASAP for MBA 570 corporate finance. Heavy Metal Corporation is expected to generate the following free cash flows over the next five years:

Please answer ASAP for MBA 570 corporate finance.

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)

51.4

67.1

76.1

76.6

82.9

After that, the free cash flows are expected to grow at the industry average of 4.1% per year. Using the discounted free cash flow model and a weighted average cost of capital of 14.5%:

a. Estimate the enterprise value of Heavy Metal.

b. If Heavy Metal has no excess cash, debt of $319 million, and 37 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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