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Negative Free Cash Flow in DCF
I am trying to do a 5 years DCF on an early stage tech company. It will have negative EBIT in next 2 years (also the FCF after the D&A, Capex, NWC adjustment) and becoming positive in 3rd year. So in caculating the Free Cash Flow from EBIT, does it still make send to still use the formula of EBI... Read More
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added 11 years ago