Question
Which of the following is true about free cash flows? FCF are the cash flows left over after a firm has made all necessary reinvestments
Which of the following is true about free cash flows?
| FCF are the cash flows left over after a firm has made all necessary reinvestments into the operations of the firm; these cash flows belong to both shareholders and debtholders (aka ALL investors) | |
| FCF are the cash flows left over after a firm has made all necessary reinvestments into the operations of the firm; these cash flows belong to ONLY shareholders | |
| FCF are the cash flows left over after a firm has paid its simple operating expenses this year; these cash flows belong to both shareholders and debtholders (aka ALL investors) | |
| FCF are the cash flows left over after a firm has paid its simple operating expenses this year; these cash flows belong to ONLY shareholders |
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