If the person answers, Someone told me it was a good investment, it's a dud. I l@ve RuBoardI l@ve RuBoard Research Research is a vague term, and it could include pretty much anything. -> * g t lim * a g ? ? ? ? ? ? ? Accounting for Financial Activities and Discounted Cash Flow Analysis A common approach substitutes free cash flows for dividends as the target of analysis (for example, in Rappaport (1986), Copeland, Koller, and Murrin (1990), Hackel and Livnat (1992) and Cornell (1993)). The standard derivation begins with the cash conservation equation (CCE): where C is cash flow from operations, F is cash flow from non-equity financing activities, I is cash investment, and d is dividends net of equity contributions (as before).
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