Which of the following statements on corporate valuation model is CORRECT?

Group of answer choices

The corporate valuation model can be used to find the value of a division.

The corporate valuation model cannot be used for companies that do not pay dividends.

The corporate valuation model requires the assumption of a constant growth rate in all years.

According to the model, the value of operation represents the present value of all future projected operating cash flows.

The corporate valuation model discounts free cash flows by the required return by stockholders.