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John Moffat.
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evolution20
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Good day Sir,
Why wasn’t the free cash flows given for EV clubs (390,419,455,490) taxed before trying to value the club?
John Moffat
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Because they are given in the question as being the free cash flows, they will already be after-tax. (Had you been given pre-tax profits instead you would then have had to deal with the tax, but that is not the case here).
evolution20
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