RepoToronto

check the other post on Book 2 Errata for an explanation.
Basically
FCFF = NI +Dep + Int(1-t) +FCInv + WCInv
NI = (EBIT - Int)(1-t) = EBIT(1-t) - Int(1-t)
FCFF = EBIT(1-t) + Dep + FCInv +WCInv
Makes sense mathematically, just not logically in my head. Oh well, I know I’m wrong so that’ll be something that sticks out in my head if they ask the question.