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business1 Group Title

excerpt from book: "in the case where the capital expenditures and the working capital are expected to be financed at a fixed debt ratio d, and principal repayments are made from new debt issues, the FCFE is measured as follows: FCFE = Net Income + (1-d) (Capital Expenditures - Depreciation) + (1-d) D Working Capital". should the equation not be: FCFE = Net Income - (1-d) (Capital Expenditures - Depreciation) - (1-d) D Working Capital? thanks

  • 3 years ago
  • 3 years ago

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  1. Aswath Group Title
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    Yes. That was my mistake.

    • 3 years ago
  2. business1 Group Title
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    thanks.

    • 3 years ago
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spraguer (Moderator)
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is replying to Can someone tell me what button the professor is hitting...

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