Using the Free Cash Flow model to estimste the equity value a. Requires, among other things, to add the expected value of the long-term financial assets to the estimated enterprise value. This is due to the fact that long term financial assets are core assets for the company. b. Requires, among other things, to subtract the expected value of the long term financial assets to the estimated enterprise value. This is due. to the fact that long term financial assets are non-core assets for the company. c. Requires, among other things, to add the expected value of the long term financial assets to the estimated enterprise value. This is due to the fact that the Free Cash Flow only considers the expected cash flow to be released from the core activity of the company