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Explain free cash flows. Describe which types of cash flows are free and which are not. (CH12) Discuss under which scenario it is appropriate to

  1. Explain free cash flows. Describe which types of cash flows are free and which are not. (CH12)
  2. Discuss under which scenario it is appropriate to use free cash flows for all debt and equity capital stakeholders. (CH12)
  3. Provide the rationale for using expected free cash flow in valuation. (CH12)
  4. What three elements are needed to value a resource when using cash flows? (CH12)

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