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1. When we calculate a project or firm's free cash flow, should we subtract cash spent on necessary capital expenditures (CAPEX)? Why or why not?
1. When we calculate a project or firm's free cash flow, should we subtract cash spent on necessary capital expenditures (CAPEX)? Why or why not?
2. When we calculate a project or firm's free cash flow, should we subtract interest payments? Why or why not?
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