HMP 607 - 12. Business Valuation

[superwill31]

Of you issue bonds how do you handle that?I'm working on something similar

[janaki926]

at 6:15 you say that cash flow= profit after taxes - investmetns in capital assets - investments in wokring capital, but in the exel model you added back depreciation. Which one is correct?

thanks

[denegrem]

@janaki926 You add back depreciation, NOT subtract it. This is because it is a non-cash expense