Please answer and explain:

QUESTION 22 All of the following are true for market based valuation methods except for which of the following? O Assumes that markets are efficient such that current values reflect all the information currently known about the business O Current values represent what a willing buyer and seller are willing to pay for a business in the absence of full information Market based methods are always superior to discounted cash low techniques O Include comparable company and recent transactions methods O Include the tangible book value approach