Please answer and explain:

QUESTION 29 The financial modeling process used to value a firm consists of a series of steps. These include which of the following: O Analyzing the target firm's historical statements to identify the primary determinants of cash flow. O Project three-to-five years (or more) of annual pro forma financial statements. This three-to-five year period is called the planning period Estimating the present value projected pro forma cash flows during the planning period. O Estimating the terminal value. All of the above