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Eview Cinemas September/December 17

This topic has 1 reply, 2 voices, and was last updated 4 years ago by John Moffat.

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June 5, 2021 at 7:47 pm #623329
evolution20
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- Topics: 8
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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?
June 6, 2021 at 9:21 am #623380
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).
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