Question: When using EV/EBITDA multiples, or other multiples related to EBITDA. For what should we think that EBITDA is a proxy for? A.) Equity Free Cash

When using EV/EBITDA multiples, or other multiples related to EBITDA. For what should we think that EBITDA is a proxy for?

A.) Equity Free Cash Flow

B.) Firm/ Project Free Cash Flow

C.) Creditor Cash Flows

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