Are your present value estimates usually sensitive to your, Finance Basics

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Are your present value estimates usually sensitive to your

1. Are your present value estimates (usually) sensitive to your assumption about the eternal growth rate of earnings or cash flows, assuming that they are used only in the terminal value forecast?

2. What exactly does the technical term "calibration" mean in the context of a pro forma?

3. What are your three main calibration tools?

4. What is the main computer tool for building pro formas?

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