In Merger Analysis, a Terminal Value Represents

In merger analysis, a terminal value represents:

A) the estimated value of the target company exactly three years in the future.
B) the book value of the target's assets at the end of the period of cash flow estimation.
C) the target's value after a period of detailed cash flow estimation, generally assuming it will grow at a constant rate indefinitely.
D) the net income of the target company during its last full year prior to acquisition.
E) None of the above describes the terminal value concept.