Question: d. Use the data developed in the table to construct the L divisions free cash flows for 2011 through 2015. Why are we identifying interest

d. Use the data developed in the table to construct the L division’s free cash flows for 2011 through 2015. Why are we identifying interest expense separately when it is not normally included in calculating free cash flows or in a capital budgeting cash flow analysis?

Why is investment in net operating capital included when calculating the free cash flow?

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