easy · Corporate Credit Analysis
Which formula correctly represents FCFF starting from EBIT?
- FCFF = EBIT × (1 - t) + Capex - Δ Working Capital
- FCFF = EBIT + Depreciation - Interest - Capex
- FCFF = EBIT × (1 - t) + Depreciation - Capex - Δ Working Capital
- FCFF = (EBIT - Interest) × (1 - t) + Depreciation
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