单选题 The best description of the measure of cash flow to use when estimating the total value of a firm is:

A、 the operating free cash flow prior to interest payments on debt.
B、 the operating free cash flow prior to interest payments on debt but after deducting funds needed for capital expenditures.
C、 the operating free cash flow after adjustment for payments to debt holders, but before dividend payments to common stockholders.

【正确答案】 B

【答案解析】[解析] 在估计一家公司的总价值时，应从营业自由现金流定义中扣除向债券持有者支付的金额，且上述现金流应发生在向普通股股东支付股息前的期间。