Which of the following is true regarding enterprise multiples (e.g., Value/EBIT)?

(i) If two firms have the same Enterprise multiples, then it implies that these two firms have the same systematic risks and cash flow growth.

(ii) Enterprise multiples can be used to estimate the firms terminal value in a DCF model.

(iii) Enterprise multiples can be used in a precedent transactions analysis to provide a "quick estimate" of firm value.

Group of answer choices

a. (i) and (ii)

b. (i) and (iii)

c. (ii) and (iii)

d. All of them are TRUE

e. All of them are FALSE