Question: What are the key differences between the free cash flows of a firm and those of a project? Firm free cash flows consider the effects

What are the key differences between the free cash flows of a firm and those of a project?
Firm free cash flows consider the effects of taxes while project free cash flows ignore tax effects.
Firm free cash flows are actual values while project free cash Hows are estimates.
Firm free cash flows ignore depreciation expense while project free cash flows include depreciation.
Firm free cash flows are computed using a subset of a firm's pro forma statements while project free cash flows use the entire financal state ments.

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