Question 13 Which of the following is false about how we estimate growth of operating income? This approach should be coupled with free cash flows to the firm. This approach uses the most recent net income relative to equity's book value at the beginning of the year. This approach relies on the return on all capital. This approach uses a reinvestment rate based on net capital expenditures and the change in net working capital. Previous No new data to save. Last checked at 7:43pm MacBook Pro