Which of the following statements is NOT CORRECT?

Group of answer choices

The dividend growth model can be used to value mature companies whose dividends are expected to grow steadily in the future.

The dividend growth model can be used to value established companies who pay no dividend.

The free cash flow valuation model can be used to find the value of a division.

The free cash flow valuation model can be used to value companies who pay no dividend.

The dividend growth model is not useful for valuing most start-up companies.