When calculating NPV - why do you calculate FCFs as EBIT(1-t)/(1+WACC)^n rather than Net income/(1+WACC)^n where net
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When calculating NPV - why do you calculate FCFs as EBIT(1-t)/(1+WACC)^n rather than Net income/(1+WACC)^n where net income takes into account interest expense.
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