Explain if you would expect the value of a share of the firms stock to be the same using FCFF and FCFE (hint think about the PV of debt and the differences between the two cash flows and try to relate this to PV concepts).

Can you help me think about this problem? I think that the value of the firm's stock should be the same using FCFF & FCFE if we are consistent with assumptions on financial leverage, but I'm not sure how to relate this to the present value of debt. The FCFF calculates the value of the firm first and then subtracts the PV of the debt portion to get the value of equity whereas the FCFE subtracts debt at each point in time in the calculation. Thanks!