If the investment in fixed capital and working capital offset each other, free cash flow to the firm (FCFF) may be proxied by: A) net income plus after-tax interest. B) earnings before interest and taxes (EBIT). C) free cash flow to equity (FCFE). D) after-tax EBIT plus non-cash charges.
D
d
I agree D
Answer is D … good brownie point if that comes to the exam, just need to know the formula cold