Question: Question 2 4 pts Which statement is false? The terminal value can never be higher than the total value of the firm The consumption growth

Question 2 4 pts Which statement is false? The terminal value can never be higher than the total value of the firm The consumption growth rate in the industry plus inflation is a good estimate for the growth rate in the terminal value estimation The percentages of the firm value determined by the terminal value decreases with the length of the explicit forecast period When estimating the terminal value, the firm should be at the middle of the business cycle
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