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) 52.1 66.4 79.4 76.1 81.7 Thereafter, the free cash flows are expected to grow at the industry average 3.8% per year. Using the discounted free cash flow model and a weighted average cost of capital of 14.9%?:

a. Estimate the enterprise value of Heavy Metal.

b. If Heavy Metal has no excess? cash, debt of $290 ?million, and 44 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 $290 ?million, and 44 million shares? outstanding, estimate its share price.

The stock price per share will be ?$____. ?(Round to the nearest? cent.)