Question: Total operating cash flow from the cash flow statement is roughly equivalent to which part of the firm free cash flows with interest tax shields

Total operating cash flow from the cash flow statement is roughly equivalent to which part of the firm free cash flows with interest tax shields (FCFwITS) formula?

Remember that FFCFwITS = NI + Depr CapEx DeltaNOWC + IntExp

Total operating cash flow from the cash flow statement is roughly equal to:

Select one:

a.NI + Depr

b.NI + Depr - CapEx

c.NI + Depr - DeltaNOWC

d.NI + Depr - CapEx-DeltaNOWC

e.NI + Depr - CapEx DeltaNOWC + IntExp

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