[jshep27]

Found it very time pressured

[jshep27]

Hey John

Going back to your first point, how come when you use the cash flow basis to value a company sometimes you discount the FCF/FCFE over a period time and other times you don’t. Like in this question we are only looking at the current year cash flow, while in the Fly 4000 question we discount the growth of the cash flow over 5 years?

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