Assume for this problem that you are using the EBITDA multiple from a public peer firm to calculate the implied value of a private firm. As discussed in the lecture and/or in the assigned reading, there are specific situations where adjustments need to be made to the implied value when using multiples. Which of the following statements describes these types of situations? Select all that apply. Group of answer choices If the public peer firm has lower margins than the private firm then you should consider a downward adjustment to the implied value of the private firm. If the private firm's most recent year's EBITDA is lower than past years due to restructuring charges then you should consider a negative adjustment to the implied value of the private firm. Given that the private firm is private, applying a liquidity discount in this setting would mean that you would consider a positive adjustment to the implied value of the private firm. If the public peer firm has lower margins than the private firm then you should consider a positive adjustment to the implied value of the private firm. If the private firm's most recent year's EBITDA is lower than past years