FCFF and FCFE

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Question

What does represent economically in valuation?

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Answer

Cash available to all capital providers after operations and required investment.

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Question

How do and differ in who can claim the cash flow?

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Answer

is for debt and equity; is for equity only.

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Question

How does IFRS classification of interest paid affect the formula derived from ?

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Answer

If interest paid is in , no add-back is needed.

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