Discounted cash flow analysis is a valuation technique that: A) estim

Discounted cash flow analysis is a valuation technique that:

A) estimates the present value of expected future cash flows.
B) uses comparable firms in the industry to project a market value of the firm.
C) uses multiples of earnings to project a price per share.
D) is the only accepted form of firm valuation by the American Society of Certified Public Accountants.

ANSWER

A