Having a stab here. Going off the SS.. a little 2 scenario based thing, one good, one bad.
Way more complex than what this suggests obviously.
Prefer the free cash flow method, but the data we have.. not sure if I can do it just yet.
Still trying to understand C1/C3 treatment with a model like tihs.. more reading methinks.
Anyway, for what it's worth...
discuss the actual company !!!, page-95
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