Usually if the question just ask us to calculate free cashflow , how do we know whether we have to calculate free cashflow to the firm or free cashflow to the equity ?
And in p4 question, if they do ask us to calculate free cashflow, they will explicitly say whether its free cashflow to the firm or equity ???
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Free cash flow
Yes - the question makes it clear whether it is free cash flow to the firm or free cash flow to equity.
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