Question: = Homework: Chapt... Question 3, P 10-6 (simil... Part 1 of 2 HW Score: 27.27%, 3 of 11 points Points: 0 of 1 O Save

 = Homework: Chapt... Question 3, P 10-6 (simil... Part 1 of

= Homework: Chapt... Question 3, P 10-6 (simil... Part 1 of 2 HW Score: 27.27%, 3 of 11 points Points: 0 of 1 O Save Heavy Metal Corporation is expected to generate the following free cash flows over the next five years: Year 1 2 3 4 5 FCF ($ million) 53.5 67.4 79.3 76.9 80.6 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 14.5%: a. Estimate the enterprise value of Heavy Metal. b. If Heavy Metal has no excess cash, debt of $300 million, and 36 million shares outstanding, estimate its share price

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