kd26gioi

elcfa Wrote:
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> For FCFE: one takes the perspective of the equity
> holders ONLY. Think yourself now as the owner of
> sole proprietorship and you borrow from the bank,
> so cash available for you (as owner) is what you
> have generated from business and borrowed from the
> bank and/or paid the interest.

Thanks, this confirm my initial doubt.

"Is it assuming that new debt belongs to equity holders until it is being repaid?"