When Evaluating a Project, the Dividend Growth Model

When evaluating a project, the dividend growth model:

A) can only be used by firms that pay increasing dividends.
B) must be used by all dividend-paying firms.
C) is only applicable when the growth rate of the project exceeds the dividend growth rate.
D) is relatively simple to use.
E) must use the growth rate of the project as the rate of growth in the formula.