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Anything that is a use (or in other words NOT A SOURCE) of FCFF/FCFE will not affect the FCFF/FCFE.



1) Increase common stock dividends <- use of FCFF / FCFE

2) Repurchasing common shares <- use of FCFF / FCFE

3) Reducing outstanding Long term debt. <- use of FCFF only, NOT FCFE.

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