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To: Bob Rudd who wrote (11832)1/12/2001 12:23:58 PM
From: tyc:>  Respond to of 78478
 
I understand what you are saying, but my point was; can we compensate for using a higher "annual payment" figure (CFO) by using a shorter term in your DCF model. The "maintenance capital expenditures" thus become self-supporting investments yielding their own "cost of capital".

Just an idea ! Not worth pursuing !