The Financial Modeling Process Used to Value a Firm Consists

Multiple Choice

The financial modeling process used to value a firm consists of a series of steps. These include which of the following:

A) Analyzing the target firm's historical statements to identify the primary determinants of cash flow.
B) Project three-to-five years (or more) of annual pro forma financial statements. This three-to-five year period is called the planning period.
C) Estimating the present value projected pro forma cash flows during the planning period.
D) Estimating the terminal value.
E) All of the above