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Please solve by writing out answer step by step a. Estimate the enterprise value of Heavy Metal. The enterprise value will be $ 687.75 million.

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a. Estimate the enterprise value of Heavy Metal. The enterprise value will be $ 687.75 million. (Round to two decimal places.) b. If Heavy Metal has no excess cash, debt of $311 million, and 39 million shares outstanding, estimate its share price. The stock price per share will be $ (Round to the nearest cent.) Heavy Metal Corporation is expected to generate the following free cash flows over the next five years: Year 3 5 1 52.7 2 68.6 4 74.5 FCF ($ million) 78.7 82.1 Thereafter, 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 13.1%: a. Estimate the enterprise value of Heavy Metal b. If Heavy Metal has no excess cash, debt of $297 million, and 45 million shares outstanding, estimate its share price

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