If dividends are paid, they could be a cash outflow in case study answer financing phase. The cash flow remark will end with a net Free Cash FlowIn order to make a capital budgeting choice, case study answer agency must identify case study solution incremental free cash flows associated with case study answer task, specific for long run projects that require case study solution cash flows to be treated to account for case study solution time value of cash NetMBA, 2010. A free cash flow is defined as “the money that an organization is capable of generate after” case study answer preliminary expenditure Investopedia, 2012. The first step is to put off case study answer obvious non incremental flows reminiscent of pre existing overhead, sunk costs and non cash flows like depreciation. ithin these issues, case study solution system is not always simple. For example, many managers find overhead determinations to be difficult.