Dividend discount model for equity valuation focuses on the fact that dividends are the cashflows that shareholders actually receive. Meanwhile, cashflow that is not distributed as dividends still belong to the shareholders because shareholders "own" the corporation. Accordingly, it may make sense to value a corporation on the basis of its cashflow instead of dividends O True O False If XYZ Co. has an annual cashflow of $1,000,000,000.00, and the shares of a similar company is trading at a multiple of 10 times cashflow,XYZ shares would be valued at dollars per share if XYZ has 100,000,000 shares outstanding.