XYZ Corporation is expected to generate the following free cash flows over the next five years:

Year	1	2	3	4	5
FCF($ millions)	53	68	78	75	82

After year 5, the free cash flows are expected to grow at the industry average of 3% per year. Using the discounted free cash flow model and a weighted average cost of capital of 18%:

a) Estimate the enterprise value of XYZ.

b) If XYZ has excess cash of $10 million, debt of $40 million, and 50 million shares outstanding, estimate its share price.