判断下对错


1.In a discounted dividends model, the terminal value makes a large part of the total value of the company.
2.A free cash flow valuation model would be more appropriate than a dividend ciscount model if the company does not pay dividends.
3.Valuation with a free cash flow valuation model could become less reliable than valuation with a comparables method using the P/E multiple because of the possibility of accounting data manipulation by management.
4.If a company's free cash flows are negative, we shouldn't use the discounted cash flows model for valuation.
5.If a company's cash flows are unpredictable, we can still use the discounted cash flows valuation model.

说下原因 谢谢