Question: The DCF valuation lecture notes defined five different terms with the word cash in their title: Operating Cash; Cash Flow from Operations; Excess Cash; Free

The DCF valuation lecture notes defined five different terms with the word “cash” in their title: Operating Cash; Cash Flow from Operations; Excess Cash; Free Cash Flow to Equity-Holders; and Free Cash Flow to All Investors. Succinctly differentiate between these terms. Be brief!

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