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Year 1 4 Heavy Metal Corporation is expected to generate the following free cash flows over the next five years. 2 3 FCF ($ million)

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Year 1 4 Heavy Metal Corporation is expected to generate the following free cash flows over the next five years. 2 3 FCF ($ million) 52.5 67.5 772 75.9 80.7 Thereafter, the free cash flows are expected to grow at the industry average of 3.7% 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 $315 million, and 45 million shares outstanding, estimate its sharo price. a. Estimate the enterprise value of Heavy Metal. The enterprise value will be $ million (Round to two decimal places.)

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