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All of the following are conceptual limitations or flaws of the Internal Growth Rate (IGR) based forecasting methods EXCEPT: O Forecast Total Liabilities are determined

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All of the following are conceptual limitations or flaws of the Internal Growth Rate (IGR) based forecasting methods EXCEPT: O Forecast Total Liabilities are determined as a Plug figure that makes the balance sheet balance. O The leverage ratio will significantly change over time. Capital Structure weights will change significantly over time. The IGR approach will lead to time-varying discount rates in the determination of the WACC

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