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2. Answer the following questions: What items are included in EBITDA that do not appear in CFO? What items are excluded from EBITDA that do

2. Answer the following questions:

  1. What items are included in EBITDA that do not appear in CFO?
  2. What items are excluded from EBITDA that do appear in CFO?
  3. What adjustments are made to CFO to get to FCF?
  4. What adjustments are made to CFO to get FCFE?
  5. What is the difference between FCFF and FCFE?

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