标题: CFAI text EOC - FCF question [打印本页] 作者: segalm 时间: 2013-4-8 11:37 标题: CFAI text EOC - FCF question
pg 455 of the CFAI Equity text gives the explanation for question #12 on Free CAsh Flow Valuation. Why don’t they add depreciation back to NI in their FCFE calculation?? thanks.作者: dirk01 时间: 2013-4-8 11:38
it is net capital expenditures that are being counted for each year. This is net of depreciation.
