A firm's net cash flow is calculated as:

A) EBIT ? Taxes + Depreciation ? Capital spending ? Increases in net working capital.
B) EBIT + Taxes + Depreciation ? Capital spending ? Increases in net working capital.
C) EBIT ? Taxes ? Depreciation ? Capital spending + Increases in net working capital.
D) EBIT ? Taxes + Depreciation + Capital spending ? Increases in net working capital.
E) EBIT + Taxes + Depreciation ? Capital spending + Increases in net working capital.


A) EBIT ? Taxes + Depreciation ? Capital spending ? Increases in net working capital.

Business

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