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Doric co (pilot-12)

((deleted)6y ago
Hello sir Why is additional finance raised 286m not deducted when calcualting the value of company? Debt should be deducted right? This is FCF to firm.
John MoffatJohn MoffatTutor6y ago#1
Using FCF gives the total value of the business (equity plus debt). (If the question has required the value of the equity, then you would subtract the debt).
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