Pascal PIERRE edited section_Building_a_Profitability_Valuation__.tex  almost 8 years ago

Commit id: dc7829bb485db21e37d03f44ee1706b381bab469

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FCFF_{t}=NOPAT_{t}+NetCapex_{t}+\bigtriangleup WC_{t}  \end{equation}  Where $NOPAT_{t}$ is the Net Operating Profit After Tax at time $t$ and $NetCapex_{t}$ are the Capital Expenditures Net of Depreciation and $\bigtriangleup WC_{t}$ the change in non-cash Working Capital