easy · Investment Banking
In a Discounted Cash Flow (DCF) analysis, what is the formula for Unlevered Free Cash Flow (UFCF)?
- EBIT × (1 - Tax Rate) + D&A - CapEx - Δ NWC
- Net Income + Interest + D&A - CapEx - Δ NWC
- Revenue - COGS - SG&A - Taxes - CapEx
- EBITDA - D&A - CapEx - Δ NWC - Interest
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