Question
9.Why is excess cash a non-operating asset (NOA)? Why does it make sense to add the value of excess cash to the value of the
9.Why is excess cash a non-operating asset (NOA)? Why does it make sense to add the value of excess cash to the value of the discounted cash flows when we use the WACC (FCFF) or FCFE approach to value a business?
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Real Estate Finance Theory And Practice
Authors: Terrence M. Clauretie, G. Stacy Sirmans
5th Edition
0324305508, 9780324305500
