Discounted cash Flow (DCF) - The value of expected cash receipts and expenditures at a common date calculated using NPV.

现金流量折现(DCF)—使用NPV将预期现金收支折算到某一时间的价值。

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The PV of their expected future free cash flows, discounted at the WACC, is the value of operations.

在用资产产生的预期自由现金流量，以加权平均资金成本为折现系数进行折现后的现值称为营业价值。

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The value of an operating asset are the net present value of expected free cash flows discounted to infinity.

ECONOMIST: Robert Wade replies