Which of the following statements is TRUE regarding enterprise multiples (e.g., Value/EBIT)? (select a, b, c, d, or e from the options below the statements)

(i) If two firms have similar equity risk, then their enterprise multiples should be similar (ii) If two firms have similar business risk, then their enterprise multiples should be similar (iii) Enterprise multiples can be used in Comps analysis to obtain a "quick estimate" of firm value (iv) Enterprise multiples can be used to estimate the firm's terminal value in a DCF model

a) Only (ii) b) Only (iii) c) Only (iii) and (iv) d) Only (ii), (iii) and (iv) e) All of them are TRUE