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Hello.
Sections b and c of the pilot paper question 1 (Fly4000) would be answered in the same way if the valuation method was free cash flow to firm? In this case, the only thing I would do was not to deduct the interests paid, so FCFF for 2005 would be 210-4.1
In section b, FCFE in 2005 is calculated to be $207,4 million but in section c step 5 it says FCFE(2005) is 87,2 million. I don´t understand why it´s using different figures here.
Hope somebody can help me. Thanks
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