Identify the incorrect statement concerning valuation methods.

	A.	A major difficulty with the price/earnings ratio method is determining the future cash flows to which the price/earnings ratio is applied
	B.	The discounted cash flow method looks at the incremental cash flows arising from a proposed acquisition
	C.	The market capitalisation of a company reflects marginal trading in its shares
	D.	Net asset valuations are often of little relevance in deciding on a bid price
	E.	The dividend growth model offers a deprival value for target shareholders