How you guys are approaching that reading. Went through that twice, didn’t get much, now thinking of mugging all. And how come in question one of CFAI book, for $100 increase of NI cause FCFF to increase by 1100?? Any suggestion.
You might want to check the CFA errata. If I remember correctly this question was discussed on AF and the increase in FCFF was $100 not $1100.