True or False

Positive EBITDA is a clear indication of value creation.

Reinvestment rate (IR) multiplied by the return on invested capital (ROIC) and Compound Annual Growth Rate (CAGR) are both ways to calculate the same growth rate.

When using a forecast model (i.e. Discounted CashFlow, Adjusted Present Value and/or Economic Value Added Models) the result is on a specific day. We must still compound or discount that result to make a buy-sell-hold recommendation based on todays value.

The Adjusted Present Value (APV) Model utilizes multiple Weighted Average Cost of Capitals (WACCs).

The benefit of the EBITDA Multiple as a continuing value is that the EBITDA Multiple utilizes the markets valuation of performance to assess continuing value.