Working capital investment calculation

i think it was more like V = FCFF/(wacc - g) - DebtValue That is the value of firm and divide that by number of shares to get stock value…
where as in the FCFE calculation it doesn’t subtract the DebtValue.
I could be wrong since I didn’t copy down the question…. Do anyone remember q27 and its answer?
 
FCFE you have already removed the effect of Debt - Net Borrowing (remember). So FCFE gives you value of Equity
FCFE – @ re –> Value of Equity
FCFF –> @ WACC –> Value of FIRM.
 
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