Question: Hi , i think it is a mistake here Free Cash Flow to Equity ( FCFE ) : FCFE = CFO + Delta NWC

Hi, i think it is a mistake here
Free Cash Flow to Equity (FCFE):
FCFE = CFO +\Delta NWC Principal Repayment Capital Expenditure
= $51.4 mln - $10 mln - $25 mln - $20 mln
=- $3.60 million
Free Cash Flow to the Firm (FCFF):
FCFF = FCFE + Interest Expense x (1 Tax rate)
=- $13.6 mln + $5 mln x (10.40)
=- $10.60 million
It is different number in FCFF formula, namely -$13,6, but you calculated FCFE as -$3.6
Please explain

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