SkipE99

elcoelhon
your assessment is wrong. In level II - they do not have cascading style of questions - so that if you got one question wrong - a dependent question would also be wrong.
They provide you some leeway by testing concepts - and your understanding.
E.g. on q 6 above - where you are trying to use fcff from q5 and wacc from q4 - they will tell you assume fcff = x and wacc=y calculate the growth rate
which will test the concept.