Which of the following is most likely to be the most challenging part of this first step of absolute valuation process? a. Making the assumptions upon which to project future performance
b. Locating the required historic data within company releases and earnings Statements
c. Dividing the market cap by the number of shares
d. Conducting the necessary mathematics

a) making the assumptions upon which to project future performance

Explanation:

Absolute value can be regarded as as a method that utilize discounted cash flow analysis in knowing the worth of a organization financially. It should be noted that making the assumptions upon which to project future performance is most likely to be the most challenging part of this first step of absolute valuation process.

D. The federal government has more power than state governments