Nonoperating assets: Why is excess cash a nonoperating asset (NOA)? Why does it make sense to add
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Nonoperating assets: Why is excess cash a nonoperating asset
(NOA)? Why does it make sense to add the value of excess cash to the value of the discounted cash flows when we use the WACC (FCFF) or FCFE approach to value a business?
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9781119795438
5th Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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