Question: A firm's capital structure does not affect its calculated free cash flows, because FCF reflects only operating cash flows. How does a firm's capital structure

A firm's capital structure does not affect its calculated free cash flows, because FCF reflects only operating cash flows. How does a firm's capital structure impact its calculated free cash flows?
Question 3 options:
Capital structure has no impact on free cash flows
Capital structure affects the total amount of free cash flows
Capital structure affects the timing of free cash flows
Capital structure affects the ability to generate free cash flows

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