Question 2 [4 points] Which of the following statements are correct? [Hint: Choose all correct statements if you find more than one correct statements; there is at least TWO correct answers.]

a) EV is the value of a companys core business activities. b) Enterprise value (EV) is the value of a companys financing activities. c) The accounting approach to EV evaluates the equity part of company using the market value of equity. d) The efficient market approach to EV assume that the book value of assets should be the same as the EV because stock market is efficient. e) When an analyst uses the discounted cash flow (DCF) approach to EV, he/she typically uses the weighted average costs of capital (WACC).