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A Discounted Cash Flow analysis includes all of the following steps except for: A. Forecast the amount and timing of future cash flows. B. Estimate

A Discounted Cash Flow analysis includes all of the following steps except for:

A.

Forecast the amount and timing of future cash flows.

B.

Estimate a risk-appropriate discount rate.

C.

Determine the adjusted value of a comparable firm.

D.

Discount the cash flows.

E.

All of these steps are included in a Discounted Cash Flow analysis.

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