Question: Question 1 ) How do you estimate the value of the firm when free cash flows of the firm are uneven for the first few

Question 1)How do you estimate the value of the firm when free cash flows of the firm are uneven for the first few years (based on bottoms up proforma for first few years) but stay constant after?
Question 2)Using the Discounted cashflow approach, why are projected free cash flow, rather than profits, used in estimating the value of the firm?
Question 3)What is the role of WACC in valuation

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