FCFF as discussed in class refers to band valuation. So in that frame of reference you take the unmitigated FCFF of the unbroken troop (which is unqualifiedly the sum of each asset’s FCFF, but you are getting FCFF off economic statements as opposed to each asset’s P&amp;L) and then you request DCF to [url=http://tny.im/eoN]cours ethereum[/url] get TEV, minus openwork debt, etc. If you recollect I said we normally don’t like FCFE because of the faculty to influence your net borrowings and hence, adjust the value arbitrarily. However, in the case of project finance (power plants and mines for ineluctable), the debt changes (amortization) is chiefly foregone and doesn’t metamorphosis, so the aptitude to tamper with the numbers is not there.