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If taxes are ignored, all of the following items are included in a discounted cash flow analysis except:
T Cells
A type of white blood cell that plays a critical role in the immune system, especially in the adaptive immune response, by identifying and killing infected cells or orchestrating the immune response.
Cell-mediated Immunity
A component of the immune system that involves the activation of certain immune cells to fight off pathogens, distinct from antibody-mediated immunity.
Antibodies
Proteins produced by the immune system in response to antigens, capable of specifically binding to and neutralizing them.
Plasma Cells
White blood cells that produce antibodies against pathogens.
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