Which of the following is not true about the constant growth valuation model?

Question $2$Select one:

a$.$

The firm's free cash flow is assumed to be unchanged in perpetuity

b$.$

The firm's free cash flow is assumed to grow at a constant rate in perpetuity

c$.$

Free cash flow is discounted by the difference between the appropriate discount rate and the expected growth rate of cash flow.

d$.$

The constant growth model is sometimes referred to as the Gordon Growth Model.

e$.$

If the analyst were using free cash flow to the firm, cash flow would be discounted by the firm's cost of capital less the expected growth rate in cash flow.