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游游 · 2024年05月03日

答案

NO.PZ2024011002000054

问题如下:

An analyst is planning to make a valuation on a privately held company by using a FCF Model. In order to determine the free cash flow to all capital suppliers, he collected the following data (in million):


The free cash flowthe analyst is planning to determine is closestto:

选项:

A.440

B.381

C.461

解释:

Free cash flow = CFO + interest paid (1 - tax rate) – investment in fixed asset = 500 + 30×0.7– 60 = 461

请问这里为啥不算FCInv和WCInv

1 个答案
已采纳答案

lynn_品职助教 · 2024年05月05日

嗨,努力学习的PZer你好:


Free cash flow = CFO + interest paid (1 - tax rate) – investment in fixed asset


CFO=NI+DEP-WCinv


WCinv已经在CFO里面减过了

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