Question
After giving the manager your DCF answer, she says Great!Now can you please explain why we use unlevered free cash flows in our DCF calculations?
After giving the manager your DCF answer, she says "Great!Now can you please explain why we use unlevered free cash flows in our DCF calculations? Why not use instead something like "Cash Flow from Operations - Capex" as a proxy for the company's cash flows?
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Financial Accounting and Reporting a Global Perspective
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
4th edition
978-1408066621, 1408066629, 1408076861, 978-1408076866
