choose the best mc answer

5. You have just completed a firm valuation using discounted cash flow approach. Which of the following would you do in order to get to equity value? A. Subtract out the value of long-term debt. B. Subtract out the value of short-term debt. C. Subtract out the value of any debt that was included in the cost of capital valuation. 6. Which one of the following companies would likely have the lowest beta? A. Cyclical company. B. Luxury goods company. C. Electricity generation company 7. The company that you are valuing has a long-standing history of low dividend payout ratio. Which of the following cash flow would you use if you were to perform an equity valuation for this firm? A. Dividend. B. Free cash flow to equity C. Net income