q20

Heavy Metal Corporation is expected to generate the following free cash flows over the next five years Year FCF (S million) 53.3 69.6 78.7 75.4 81.1 (Click on the icon located on the top-right comer of the data table in order to copy its contents into a spreadsheet) After that, the free cash flows are expected to grow at the industry average of 4.4% per year. Using the discounted free cash flow model and a weighted average cost of capital of 14.8%; a. Estimate the enterprise value of Heavy Metal. b. If Heavy Metal has no excess cash, debt of $310 million, and 42 million shares outstanding, estimate its share price a. Estimate the enterprise value of Heavy Metal The enterprise value will be smillion. (Round to two decimal places.) b. If Heavy Metal has no excess cash, debt of $310 million, and 42 million shares outstanding, estimate its share price The stock price per share will be (Round to two decimal places.)