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1. How does the DCF model change when you are valuing equity versus valuing the firrm? 2. In a DCF model, how does depreciation relate
1. How does the DCF model change when you are valuing equity versus valuing the firrm?
2. In a DCF model, how does depreciation relate to CapEx?
3. How do you deal with the commodity cycle in building a DCF for a company that has sensitivity to a particular commodity?
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