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When calculating free cash flows, which of the following is/are NOT something that should be subtracted from gross cash flow (Remember that gross cash flow

When calculating free cash flows, which of the following is/are NOT something that should be subtracted from gross cash flow (Remember that gross cash flow = OCF = NOPLAT + depreciation)? a) Change in operating working capital. b) Change in outstanding debt. c) Net capital expenditures. d) Investment in goodwill and acquired intangibles. e) All of the above

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