ASAP

The flow-to-equity (FTE) approach in capital budgeting is defined to be the:

Select one:

a. Discounting all cash flows from a project at the overall cost of capital.

b. Scale enhancing discount process.

c. Discounting of the levered cash flows to the equity holders for a project at the required return on equity.

d. Dividends and capital gains that may flow to a shareholders of any firm.

e. Discounting of the unlevered cash flows of a project from a levered firm at the WACC.