Which of the following is not a factor that makes valuing a tartget's stock difficult and imprecise?

a) it is hard for an acquirer to get an accurate forecast of the target's future cash flows.

b) terminal values vary dramatically in response to small changes in assumptions.

c) estimating a risk adjusted discount rate for the analysis is inhertly an imprecise process.

d) the acquirer's management team generally doesn't know very much about the target company's line of business or operations.