Has a reduction in working capital of 1% the same impact on a DCF as a 1%
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Has a reduction in working capital of 1% the same impact on a DCF as a 1% improvement in the NOPAT (Net Operating Profit After Tax)
margin?
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Related Book For 
Corporate Finance Theory And Practice
ISBN: 9781119841623
6th Edition
Authors: Pascal Quiry, Yann Le Fur, Pierre Vernimmen
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