The value of a firm is best defined as


The value of a firm is best defined as the:

A) total present value of all of the firm's future cash flows.

B) current year's cash flows divided by (g - r).

C) current year's cash flow divided by r.

D) sum of all of the firm's future cash flows.

E) current year's cash flow times (1 + g).

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Financial Management: The value of a firm is best defined as
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