I (18) When valuing a business, which of the following is correct? A. Discount the free cash flows to firm (FCFF) at the cost of capital B. Discount the free cash flows to firm (FCFF) at the cost of equity C. Discount the free cash flows to equity (FCFE) at the cost of debt D. Discount the free cash flows to equity (FCFE) at the cost of capital B. Small, high growth firms C. Large, low growth firms D. Large, zero growth firms (16) I The capital intensity ratio is generally defined as follows: A. The ratio of sales to assets. B. The ratio of cash to sales. C. The ratio of assets to sales. D. The ratio of liabilities to sales