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Heavy Metal Corporation is expected to generate the following free cash flows over the next five years. (Click on the following icon in order to

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Heavy Metal Corporation is expected to generate the following free cash flows over the next five years. (Click on the following icon in order to copy its contents into a spreadsheet ) 4 Year FCF ($ million) 2 68.1 3 76.7 5 83.5 51.9 759 After that, the free cash flows are expected to grow at the industry average of 3.4% per year Using the discounted free cash flow model and a weighted average cost of capital of 13.8% a. Estimate the enterprise value of Heavy Metal b. If Heavy Metal has no excess cash, debt of $293 million, and 38 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) b. If Heavy Metal has no excess cash, debt of $293 million and 38 million shares outstanding, estimate its share price. The stock price per share will be $ (Round to two decimal places)

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