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Discounted cashflow valuations are usually based upon the assumption that the firm will survive as a going concern. If you are valuing a young firm

Discounted cashflow valuations are usually based upon the assumption that the firm will survive as a going concern. If you are valuing a young firm or a distressed firm where there is a significant likelihood that the firm will not make it as a going concern, how do you reflect that in your valuation?

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