IP Valuation: Method application
I'm currently working on a financial case study and had a few questions about valuation via Discounted Cash Flow. Because the company has a high growth rate, I had to calculate the Terminal Value using an EBITDA multiple (otherwise, the TV would return a negative value). So my question is: Can I still value the company using the TV derived from the multiple method, and apply it to DCF or do I have to switch my methodology altogether?