Which of the following statements is incorrect with respect to takeover valuation methods? Ka) The discounted cash flow (DCF) valuation method attempts to determine the enterprise value by computing the present value of future cash flows over the life of the company. (b) The transaction comparable valuation method can directly incorporate the operational improvements and other synergistic efficiencies that only the particular acquirer can implement in the target company's business. (c) The market-multiple valuation method is subject to distortions due to market misvaluation and accounting policy. (d) The market-multiple valuation method attempts to determine the enterprise value by comparing the company of interest with similar, public companies operating in the same sector. (e) The transaction comparable valuation method can be useful for takeover negotiations