Hi John.
FCFE = FCF-Interest -+debt+tax savings on interest. Why June 2013 question 1 Mlima Co, estimate value prior to Bahari Project did not add tax savings on interest though data provided interest was given whereby the tax savings could have been calculated easily at 25% tax rate.
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Free cash flow
10y ago#1I have uploaded a lecture working through this question, which should answer your question :-)
You can find it linked from the main P4 page.
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