Which of the following statements is false when discussing valuation methodology?

Question 32 options:

A)	Terminal values can be determined using DCF or Exit Multiples

B)	The cost of equity requires data on betas, market equity risk premiums and the risk free rate of return.

C)	Because the terminal value is a long-term projection, it has minimal impact on the final valuation of the firm.

D)	Unlevered free cash flows are annual cash flows freely available to all providers of capital in the business, after accounting for all necessary reinvestments.

Which of the following is not true?

Question 54 options:

A)	The Balance Sheet is best used to develop an understanding of the risk structure of the firm.

B)	The Statement of Comprehensive Income is best used to develop an understanding of the total cash flows for the firm.

C)	The Income Statement is best used to develop an understanding of the operating performance of the firm.

D)	The Statement of Cash Flows is best used to develop an understanding of the earnings quality of the firm.