老师，请问这道题目是哪个知识点呀

问题如下：

Vinuvia, a privately held Brazilian wine distributor, was estimated to have equity value of approximately BRL 167 million using the CCM. Vinuvia’s FCFF was BRL 15 million, and the valuation assumed WACC of 15% and a perpetual growth rate of FCFF of 5%. Which statement is most accurate about the underlying assumption of Vinuvia’s reinvestment rate?

选项：

A.

Vinuvia’s assumed reinvestment rate is 33.33%.

B.

Vinuvia’s assumed reinvestment rate is 66.67%.

C.

Vinuvia’s reinvestment rate is not known based on the example

解释：

A is Correct. Equation 2 shows that the assumed reinvestment rate in the CCM can be calculated by dividing the assumed perpetual growth rate of FCFF by the assumed WACC. In this case, reinvestment is equal to 33.33% (5%/15%).