Question: Please solve by writing out answer step by step a. Estimate the enterprise value of Heavy Metal. The enterprise value will be $ 687.75 million.

Please solve by writing out answer step by step  Please solve by writing out answer step by step a. Estimate
the enterprise value of Heavy Metal. The enterprise value will be $

a. Estimate the enterprise value of Heavy Metal. The enterprise value will be $ 687.75 million. (Round to two decimal places.) b. If Heavy Metal has no excess cash, debt of $311 million, and 39 million shares outstanding, estimate its share price. The stock price per share will be $ (Round to the nearest cent.) Heavy Metal Corporation is expected to generate the following free cash flows over the next five years: Year 3 5 1 52.7 2 68.6 4 74.5 FCF ($ million) 78.7 82.1 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 13.1%: a. Estimate the enterprise value of Heavy Metal b. If Heavy Metal has no excess cash, debt of $297 million, and 45 million shares outstanding, estimate its share price

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