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Hi , i think it is a mistake here Free Cash Flow to Equity ( FCFE ) : FCFE = CFO + Delta NWC
Hi i think it is a mistake here
Free Cash Flow to Equity FCFE:
FCFE CFO Delta NWC Principal Repayment Capital Expenditure
$ mln $ mln $ mln $ mln
$ million
Free Cash Flow to the Firm FCFF:
FCFF FCFE Interest Expense x Tax rate
$ mln $ mln x
$ million
It is different number in FCFF formula, namely $ but you calculated FCFE as $
Please explain
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