financial modeling test for ER role
I have a 4-hr long test for anrole coming up. It and writing component.
I have read a few older threads on this topic, but I cannot find an answer to my questions. so I'm trying to ask if anyone can help me to give some insights about the following:
1) During such a financial modeling test,valuation to come up with a price target, do you discount to the firm (FCFF) using cash flow to equity (FCFE) using cost of equity to arrive at a price target?
2) Should I prepare to create a 3-statement integratedfrom scratch or just prepare to update an existing financial model for a company?
Any insights are greatly appreciated.