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Based on your projections of Starbucks' financial statements, begin with projected net cash flows from operations and derive the projected free cash flows for all

Based on your projections of Starbucks' financial statements, begin with projected net cash flows from operations and derive the projected free cash flows for all debt and equity stakeholders for Years +1 through +5. Compare your forecasts of Starbucks' free cash flows for all debt and equity stakeholders Years +1 through +5 with your forecast of Starbucks' free cash flows for equity shareholders in Requirement b. Why are the amounts not identical--what causes the difference each year?

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