Net Working Capital or Non-Cash Working Capital for DCF?

1. Do you use net working capital or non cash working capital when doing DCF?

My definitions are as follow:

Net Working Capital = Current Assets (minus cash) - Current liabilities (minus debt)

Non-Cash Working Capital = Current Assets (minus cash) - Current liabilities

2. Are they even correct?

Thanks in advance!

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Net Working Capital or Non-Cash Working Capital for DCF?

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Net Working Capital or Non-Cash Working Capital for DCF?

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