can one of you smart guys help me out on these FCF questions?

Does this all sound about right? Doing some DCF’s for the first time in a while here… FCFF - FCFF = EBIT * (1-tax) + Dep - ∆WC - Capex - Discount rate is weighted debt and equity rate - terminal exit multiple is something along the lines of ev/ebitda? - Sum of discounted CF’s is Firm value, so then I subtract debt and add back cash to find equity value? I also have some DB plan liabilities, maybe subtract those out as well? FCFE - FCFE = NI + Dep - ∆WC - Capex + Net Borrowing - Discount rate is equity rate (CAPM) - terminal exit multiple is something along the lines of PE ratio? - Sum of discounted CF’s is Equity value? Again, subtract out DB plan liabilities? thanks in advance…

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Finance 101

FCFF is the value attributed to all providers of capital including debtholders and equity holders too. So u hv to remove tax shield and NWC/Capex for future projects. Therefore use WAAC for discounting FCFE: is value to equity holders only. so u have to use ke as the discount rate Dobs