Associates and Minorities in a DCF

Struggling with the proper way to capture associate and / or unconsolidated JV income in a DCF. Our standard model captures operating income and free cash items, but does not offer a sensible place to insert this 'dividend' stream.

Reverse question related to how to back out minorities that have been consolidated. Seems too simple having done a dcf to just take what could be a significant minority (30% in my example) and put a multiple on it..

thanks in advance.

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