Question: (1) Cash Flow from Operating Activities with the following formula: FCF = Cash From Operations + After tax Interest Expense - Capital Expenditure (2) FCF

(1) Cash Flow from Operating Activities with the following formula: FCF = Cash From Operations + After tax Interest Expense - Capital Expenditure

(2) FCF = (EBIT * (1-tc) + Depreciation Change in NWC CapEx)

What is the FCF when there is net interest revenue?

Should the after tax interest expense add in (2) or minus it in (1) rather than plus?

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