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Hi John
Just a quick on the value we assign to Mlima in Section A.
It is said to use the free cash flow methodology.
In arriving at a value for Mlima we do not assign recognise the debt in the company. Is this because the way the question is structured and the debt is assumed to be paid back or is it not recognised in the free cash flow valuation methodology.
Am i to assume that free cash flow in this instance is free cash flow to firm?
Thanks
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