When checking a football field bar chart, which of the following statements correctly expresses the most likely valuation picture expected?

Assume the chart shows share price on the x axis going from low to high, and that the target business, the trading comparable businesses and transaction comparable acquired businesses are all public and of a similar scale.

Select one:

The levered value is most likely to be to the far right of the chart since these buyers tend to pay large premia

The DCF with synergies range should be to the left of the trading comparables range

The trading comparables range should be to the left of the transaction comparables range

DCF value will always be to the right side of the comparables valuation since DCF value is always on the high side