Which of the following statement on relative valuation is false? Select one: OA. EBITDA should be adjusted for extraordinary write-offs when using the EBITDA multiples valuation model. O B. To reflect differences in risk characteristics and growth opportunies, EBITDA multiples should be adjusted for differences in profit margins. OC. The critical assumption underlying the relative valuation approach is that the comparable assets are truely comparable to the investment be evaluated. OD. The P/E multiples does not make economic sense when EPS is negative OE. None of the above.