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Which of the following is the correct definition for free cash flow, FCF? FCF = EBIT(1-t) ____ Depreciation ___ Capex ___ change in NWC. Key:

Which of the following is the correct definition for free cash flow, FCF? FCF = EBIT(1-t) ____ Depreciation ___ Capex ___ change in NWC. Key: Capex = capital expenditure; NWC = new working capital A. +; -; - B. -; -; - C. +; +; - D. +; +; +

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