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Q11. For computing the FCF (free cash flow for the firm or equity), an increase in the net working capital, holding other variables constant, will

Q11. For computing the FCF (free cash flow for the firm or equity), an increase in the net working capital, holding other variables constant, will

a. increases the FCF

b. Decreases the FCF

c. May increase or decrease FCF

d. increase stock price

e. both a and d

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