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EBITDA Depreciation expense Interest expense Tax rate Capex Change in net working capital Net borrowing Common dividends R10 000 R 4 000 R 1 500
EBITDA Depreciation expense Interest expense Tax rate Capex Change in net working capital Net borrowing Common dividends R10 000 R 4 000 R 1 500 30% R 5 000 R 500 R 800 R 2 000 Calculate the free cash flow to the firm (FCFF).
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