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You are valuing ChipX Innovative Corp. This company currently does not pay dividends and does not plan to pay dividends in the near future. The

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You are valuing ChipX Innovative Corp. This company currently does not pay dividends and does not plan to pay dividends in the near future. The company's leverage has been unstable with some years very high leverage and some other years low leverage. The most appropriate valuation model to value ChipX Innovative would be: Firm valuation model (using FCFF) Dividend Discount Model Equity valuation model (using FCFE) Question 16 (4 points) FCFF is always positive. True False

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