Which of the following statements regarding the use of discount rate in income approach is false? Pick the best ANSWER Q Ans Marh 1.00 PF Select one: a. The free cash flow to firm can be discounted using the weighted average cost of capital, that reflects Its optimal capital structure rather than its actual capital structure, to arrive at a firm's value. b. If the purpose is to estimate the investment value of the firm, the discount rate must reflect the market participant's views of risk c. The cost of equity should be used to discount the forecast dividends of a firm to a arrive at its share value d. The components of the discount rate to be adopted is dependent on the types of free cash flow to be discounted al Type here to search Ri