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This lecture covers the construction of a DCF with some useful tips, starting with filling a simple table and discussing the importance of numbering years. The instructor explains the significance of year numbering in financial calculations and demonstrates how to adjust investments and expenses to the beginning or end of each year. The lecture also delves into the concept of initial value and the implications of different interest rates on the valuation of assets over time. Various Excel functions and formatting options are explored to enhance the clarity and accuracy of financial calculations, with a focus on understanding and interpreting the results of DCF analysis.