Year Cash Flow 10 -15,000 1 3000 2 3000 3 3000 Consider Project Fly Owl" with the following cash flows: If the appropriate discount rate for this project is 6%, then the net present value (NPV) is closest to O $9,500 $6,981 $6,000 $6,000 Figure 10.4 Range of Valuations for Nike Stock Using Various Valuation Methods Discounted FCF Constant Dividend Growth EV/EBITDA Valuation Method EV/Sales Price/Book P/E 120 140 160 180 0 20 40 60 80 100 Value per Share ($) Based upon the chart above which statement is true? O All of the models were weighted evenly to determine the estimated stock valuation of $180 per share The Price/Book ratio was not used to estimate the stock price valuation The models predict a stock price of $60 per share O Some valuation methods were not calculated correctly - you would expect the same ranges from all models