Hello guys, this is probably an easy question but my brain is is fried and I cant grasp this question right now. Practice problem 1 in section 47 Assume a $100 increase in Net Income and a 40% tax rate. The book says +$1100 to FCFF and FCFE Can someone please explain this to me ? Thanks
check the CFA errata, says it should be +100 to FCFF and FCFE