4. Explain the functional differences between the FCF and FMM models, why one might be used instead of the other, whether or not you would expect them to result in similar valuation outcomes, and why these outcomes may be similar (or different)? EV 5. Under what conditions is EBIT a credible valuation model and why is so often used in the valuation consultancy? 6. Explain how it is that an enterprise value multiple tells us a great deal about the expected growth rate of a firm's cash flows