Heavy Metal Corporation is expected to generate the followingfree cash flows over the next five​ years:
(in millions)
Year 1 : 54.4
Year 2: 66.2
Year 3: 79.5
Year 4: 73.6
Year 5: 80.2
Thereafter, the free cash flows are expected to grow at theindustry average of 4.5% per year. Using the discounted free cashflow model and a weighted average cost of capital of 14.6%​:
a.  Estimate the enterprise value of Heavy Metal.
b.  If Heavy Metal has no excess​ cash, debt of $304 ​million,and 41 million shares​ outstanding, estimate its share price.
