When calculating the intrinsic value of the company using the DCF analysis, what do you typically include from the Cash Flow from Investing Activities, and the Cash Flow from Financing sections of the Cash Flow Statement? (Highlight your answer and explain it)

a. Only CapEx

b. CapEx, Purchases of Investments, and Acquisitions

c.Only CapEx and Mandatory Debt Repayments

d. Nothing all these activities are optional and not core to the companys business.