Question about the discount rate
Hi,
I am a belgian student in Finance and I have a problem
I have a question about the discount rate, to value a firm (or equity), I dont know which one to use. Sometimes it is Wacc+1, sometimes WACC-Growth. I am not sur but for the Tax shield it is the risk free level? And sometimes I have to multiply my FCF by (1+ GROWTH).
So yes, I am lost. Can you help me?
Sorry for my english