FCF ECF CCF Unlevered levered FCF
Free cash flow operating cash flow CapEx free cash flow free cash flow free cash flow to the firm unlevered free cash flow unlevered before considering debt obligations free cash flow to the equity levered free cash flow
, 100 50 50
IRR
IRR NPV Net Present Value NPV 110 10 110 1 10 100 110 100
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