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60. You study the financial statements of the financing arm of Ford Motor Company, and you believe the coming recession will be deeper than management
60. You study the financial statements of the financing arm of Ford Motor Company, and you believe the coming recession will be deeper than management estimates and consequently believe that the bad debts write-offs will be greater than the amount estimated in the financial statements. When projecting the future free cash flows would your adjustment increase or decrease the future estimated free cash flows for Ford? Additionally, would this increase or decrease your calculated intrinsic value of the company
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