Exam (elaborations)
A levered DCF projects FCF after interest expense and interest income, where an unlevered DCF projects FCF before the impact of interest. Therefore, a levered DCF attempts to value the equity portion of a company and an unlevered DCF values the company
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DCF BIWS Difference between levered and unlevered DCF? - A levered DCF projects FCF after interest expense and interest income, where an unlevered DCF projects FCF before the impact of interest. Therefore, a levered DCF attempts to value the equity portion of a company and an unlevered DCF v...
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