Question 1 Which of the following statements is correct regarding valuation methods? 1. Multiple valuation is based on how the market currently values similar or comparable firms (the "market approach"). II. Multiple values for different firms should be the same if these firms have the same value drivers and accounting policies. III. Two firms that have the same EBITDA should have the same EBITDA multiple. IV. One assumption in using multiples of comparable firms is that the firms in the peer group are of equivalent risks. A. B. C. D. E. I and II only II and IV only I, II and IV only I, III and IV only None of the choice combinations given in A., B., C., and D. are correct