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We only treat a cost as a fixed cost if the cost does not change over any range of output. O True O False Define free cash flow The cash flow that is paid out to investors through dividends, stock repurchases, and debt coupons/interest The cash flow that is available to be paid out to investors, regardless of the method of payment (dividends, stock repurchases, interest payments) The cash flow that is paid out to equity investors through dividends or stock repurchases The total change in cash for the firm or project