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1. Which of the following statements is NOT true? (20 pt) a) Free cash flow can be regarded as a distribution of value rather

1. Which of the following statements is NOT true? (20 pt) a) Free cash flow can be regarded as a distribution of value rather than the value created. b) Free cash flow is the net cash payoff from operations that is distributed in the financing activities. c) If C Id, free cash flow is the dividend to shareholders. d) Free cash flow can be increased by increasing either d or F.

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