What is the appropriate discount rate to use when estimating a firm's intrinsic value using discounted free

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What is the appropriate discount rate to use when estimating a firm's intrinsic value using discounted free cash flow analysis? Explain why.
Discount Rate
Depending upon the context, the discount rate has two different definitions and usages. First, the discount rate refers to the interest rate charged to the commercial banks and other financial institutions for the loans they take from the Federal...
Free Cash Flow
Free cash flow (FCF) represents the cash a company generates after accounting for cash outflows to support operations and maintain its capital assets. Unlike earnings or net income, free cash flow is a measure of profitability that excludes the...
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