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9. Why are capital expenditures subtracted to compute free cash flow (FCF? 6/1 point O They have not been reflected in the income statement The
9. Why are capital expenditures subtracted to compute free cash flow (FCF? 6/1 point O They have not been reflected in the income statement The represent a real cash drain on the firm Their timing may not perfectly match an offsetting depreciation expense All the above 1 Incorrect
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