During training, you are told, When valuing a company, we prefer to forecast cash flows out for at least 10 years, so it doesnt matter what long-run growth rate you use when computing terminal value. This statement is

True, because the impact of terminal value is small with such a long forecast period.

True, because terminal value estimates are not sensitive to growth rates.

False, because terminal value estimates are sensitive to growth rates.

False, because long-run constant growth is a poor assumption, so we shouldnt use it to compute terminal value.