video1.0<iframe src="https://www.loom.com/embed/cdd67d1068eb4054a7cff446330a6254" frameborder="0" width="1920" height="1440" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>14401920Loomhttps://www.loom.com14401920https://cdn.loom.com/sessions/thumbnails/cdd67d1068eb4054a7cff446330a6254-a667b9b66553221e.gif587.933In a business valuation, what is a Future benefit Stream, equity vs invested capital, and historical vs project earnings is. We discuss why we use Net Cash Flow (NCF) and what is the exact definition. We then discuss the importance of deciding whether to use historical NCF or projected NCF. Historical NCF may need to be averaged, and then used in the Capitalisation of Earnings. Then we consider some Discounted Cash Flow basics.