Levered & Unlevered FCF and Equity Value
Would the equity value you end up getting from unlevered and levered fcf would be the same? If not, why wouldn't it?
Would the equity value you end up getting from unlevered and levered fcf would be the same? If not, why wouldn't it?
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I'll take a stab. They will not be necessarily the same. Depends on how you project out debt levels which could change interest rates in the future.
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