问题如下图：
选项：
A. 
B. 
C. 
解释：
助教您好，不得不说这题出的不好，一般现实中没有人会用FCF去对初创型成长型且面临资本开支的公司，这家在成长初期连盈利都没有且无足够资金应对Capex的公司，FCF就算为正，那要么就大量折旧加回或者举债，这种FCF意义不大且缺乏预测持续性和稳定性，还不如使用EBITDA倍数或PS，这题在现实完全缺乏可操作性，纯粹为了出题而出题。三个答案都不对。
NO.PZ201512300100000108 问题如下 8. Whivaluation mol woulthe rector of researmost likely recommenLee use to estimate the value of VEG A.Free cash flow B.vinscount C.P/E relative valuation A is correct.The brocriteria for mol selection are tha valuation mol consistent with the characteristiof the company being valueappropriate given the availability anquality of the ta anconsistent with the purpose of the valuation. VEGA currently hnegative earnings,making the use of P/E relative valuation fficult if not impossible. VEGA es not pa vinanis not expecteto for the foreseeablefuture; this woulmake the application of a vinscount mol problematiHowever, the laof a vinwoulnot obstacle tofree cash flow valuation. Furthermore, the rector of researhaiseththe possibility thcompetitors mseek to acquire VEGA betaken in to account in valuing VEGThe reang states thfree cash flow valuation cappropriate in sucircumstances. Thus, the rectorof researwoulmost likely to recommenfree cash flow valuation. 能否再讲一下选模型的方法，在什么情况下选什么不选什么？
NO.PZ201512300100000108 Lee also notes thshe expects thcertain larger competitors will become interestein acquiring VEGA because of its excellent growth prospects. Therector of researaises Lee to consir thin her valuation.这个意思不是说要把对手考虑进去，考虑对手不久relative？ 可是利益为负又不能用p/e？ 。。。。。我不是很懂了
not profitable是否意味着negative free cash flow？
不太明白 求。pe为啥不可以呢
