Question
Why is depreciation incorporated into the Free Cash Flow (FCF) calculation if it is a non-cash expense? Conversely, interest is a cash expense but is
Why is depreciation incorporated into the Free Cash Flow (FCF) calculation if it is a non-cash expense? Conversely, interest is a cash expense but is not included in FCF. Why is this?
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Public Finance
Authors: Harvey Rosen, Ted Gayer
10th edition
9781259716874, 78021685, 1259716872, 978-0078021688
