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Which of the following statements FALSE? OA The first step in the FTE method is to determine the project's free cash flow to equity (FCFE)

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Which of the following statements FALSE? OA The first step in the FTE method is to determine the project's free cash flow to equity (FCFE) OB. In the flow-to-equity valuation method, the cash flows to equily holders are the discounted using the weighted average cost of capital Od in the WACC and APV methods, we value a project based on its free cash flow, which is computed ignoring interest and debt payments OD. In the flow-to-equity (FTE) valuasion method, we explicitly calculate the free cash flow available to equity holders taking into account will payments to and from det holders

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