7.) a) Set out and explain three cash flow based valuation techniques for determining the intrinsic value of a company's equity. (9 marks) b) Set out and explain two abnormal income based valuation techniques for determining the intrinsic value of a company's equity. (8 marks) c) Provide a balanced discussion of the theoretical merits and weaknesses of each of the two types of model described in parts (a) and (b). (4 marks) d) Provide a summary of the empirical evidence relating to the performance of each type of model (4 marks) 7.) a) Set out and explain three cash flow based valuation techniques for determining the intrinsic value of a company's equity. (9 marks) b) Set out and explain two abnormal income based valuation techniques for determining the intrinsic value of a company's equity. (8 marks) c) Provide a balanced discussion of the theoretical merits and weaknesses of each of the two types of model described in parts (a) and (b). (4 marks) d) Provide a summary of the empirical evidence relating to the performance of each type of model (4 marks)