Surplus cash is the cash remaining after required cash, all operating expenses, reinvestments, and dividends payouts are made.T 17. Required cash is the amount of cash required to operate a venture through its day-to-day business.
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Q1: The explicit forecast period is the two-
Q4: The stepping-stone year is the first year
Q14: Surplus cash is the amount of cash
Q15: As used in this textbook, the terminal
Q16: The easiest way to value a venture
Q17: The stepping-stone year is the second year
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Q18: The terminal or horizon value is the
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Q38: Surplus cash is the cash remaining after
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