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All of the following are important components in forecasting cash flows EXCEPT: a. Determining the terminal value at the end of the extraordinary growth

All of the following are important components in forecasting cash flows EXCEPT:

 

a. Determining the terminal value at the end of the extraordinary growth period

 

b. Estimating the optimal capital structure for the company

 

c. Determining the length of the extraordinary growth period

 

d. Estimating the cash flows during the extraordinary growth period

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