FCFF and Market Cap

Free cash flow and free cash flow to the firm are important for large cap companies but are not important for say a intellectual property firm. Furthermore, the IRR is greater as the overall required market return grows.  For example an oil company relative to Carrier Air Conditioners whose prospective growth rate does not achieve the same manifest destiny clause as a private oil firm such as Exxon Mobile. Furthermore, the relative carried debt of a firm is difficult to distinguish particularly in terms of its proprietary trading habits, Nota Buena Vockler Rule.........