=2/Because negative free cash flows generated by operating and investment cycles must be compensated by resources from
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=2/Because negative free cash flows generated by operating and investment cycles must be compensated by resources from the financial cycle. When free cash flows are positive, they are entirely absorbed by the financial cycle (debts are repaid, dividends are paid, etc).
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Related Book For
Corporate Finance Theory And Practice
ISBN: 9781118849330
4th Edition
Authors: Pierre Vernimmen, Pascal Quiry, Maurizio Dallocchio, Yann Le Fur, Antonio Salvi
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