Book values do not mirror actual market values for manufacturing companies, but they may be more accurate for distribution firms Select one True False Only cash nows from operating and investment activities but not from financing activities are included in calculating free cash flow to equity investors Select one True False In estimating the value of projected proforma cash flows, using the mid-year convention will result in a larger discounted cash Tlow valuation than using full year discounting, because it results in a larger discount factor Select one True False