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You have just completed a firm valuation using discounted cash flow approach. Which of the following would you do in order to get to equity

You have just completed a firm valuation using discounted cash flow approach. Which of the following would you do in order to get to equity value?

A. Subtract out the value of long-term debt.

B. Subtract out the value of short-term debt.

C. Subtract out the value of any debt that was included in the cost of capital valuation.

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