## Free Cash Flow to Firm

The free cash flow to firm formula is capital expenditures and change in working capital subtracted from the product of earnings before interest and taxes (EBIT) and one minus the tax rate(1-t). The free cash flow to firm formula is used to calculate the amount available to debt and equity holders.

## $$e[1-t]-c-w$$

Here,e=earning before interest and tax,t=tax rate,c=capital expenses,w=working capital.

ENTER THE VARIABLES TO BE USED IN THE FORMULA