不是很理解

问题如下：

Question An analyst believes a company with variable cash flows has been smoothing out earnings and its reported interest expense understates its marginal cost of capital. Which of the following factors best supports using a residual income model for valuation?

选项：

A.A.The earnings record

B.B.The variability of cash flows

C.C.The low marginal cost of capital

解释：

• explain strengths and weaknesses of residual income models and justify the selection of a residual income model to value a company’s common stock