Question
Which of the following is correct? a. FCFE = Net Income (Capital Expenditures Depreciation) non-cash working capital + (New Debt raised - Debt repayment) b.
Which of the following is correct?
a.
FCFE = Net Income (Capital Expenditures Depreciation) non-cash working capital + (New Debt raised - Debt repayment)
b.
FCFF = Net income + Int (1-t) (Capital Expenditures Depreciation) non-cash working capital
c.
FCFF = EBIT(1-Tax rate) (Capital Expenditures Depreciation) non-cash working capital
d.
All of the above
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Middle Market M And A Handbook For Advisors Investors And Business Owners
Authors: Kenneth H. Marks, Christian W. Blees, Michael R. Nall, Thomas A. Stewart
2nd Edition
1119828104, 978-1119828105
