I will upvote your answer Which statement regarding the corporate valuation model is...

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Which statement regarding the corporate valuation model is NOT correct? The corporate valuation model discounts free cash flows by the required return on equity. The corporate valuation model can be used to find the value of a division. The corporate valuation model can be used both for companies that pay dividends and those that do not pay dividends. An important step in applying the corporate valuation model is forecasting the firm's pro forma financial statements

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