Which of the following statements concerning the Price to CashminusFlow approach to stock valuation are$$ true?

I. The Price to CashminusFlow method works just as well for nonminusdividend paying stocks as it does for dividendminuspaying stocks.

II$.$ The Price to CashminusFlow calculate s the intrinsic value of a stock as the present value of future cash flows.

III. The Price to CashminusFlow ratio divides the market price of one share of stock by cash flow per share.

IV$.$ The Price to CashminusFlow method should never be used to calculate the intrinsic value of a share.

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Part $1$

A$.$

I and III only

B$.$

III and IV only

C$.$

$$I$,$ III and IV only

D$.$

$$I$,$ II and III only