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You have calculated Free Cash Flow for your selected corporation for at least one year. Extend your calculation of FCF to at least the last

You have calculated Free Cash Flow for your selected corporation for at least one year. Extend your calculation of FCF to at least the last 3 years. If you included all 3 in your original calculations, and I agreed with your calculations, you have what you need.

What do these FCF calculations tell you at this point about the company? You can see whether the number itself is increasing or decreasing, but you can also see how the components that go into the calculations have changed. Did the company keep FCF up by liquidating assets? Is rising NOPAT driving FCF to higher levels? There are many ways for the FCF values you calculated to change. What is driving your companys values?

What questions do your FCF calculations raise about the company? You may be able to address some of your questions as we progress with our analytical tools. For now, identify some elements of the companys performance that will be interesting to explore.

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