anonymous
  • anonymous
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
Finance
  • Stacey Warren - Expert brainly.com
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SOLVED
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katieb
  • katieb
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anonymous
  • anonymous
Yes. That was my mistake.
anonymous
  • anonymous
thanks.

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