Question 4 [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 answer.]

a) The plug in a pro-forma model is related to the decision as to which balance sheet item will close the model. b) The plug in a pro-forma model is related to how the firm finances its incremental investment. c) An analyst may use debt as the plug in a pro-forma model. d) An analyst may use cash and marketable securities as the plug in a pro-forma model. e) An analyst may use fixed assets as the plug in a pro-forma model.