Answer: Present value model.

**Explanation:** - **Option A (Incorrect):** A free-cash-flow-to-equity (FCFE) model is not a multiplier model. Multiplier models primarily rely on share price multiples or enterprise value multiples, whereas FCFE models are based on discounted cash flows. - **Option B (Correct):** The FCFE model is a type of present value model, as it involves discounting future cash flows to equity holders to estimate the intrinsic value of a stock. - **Option C (Incorrect):** The FCFE model is not an asset-based valuation model. Asset-based models estimate intrinsic value by subtracting liabilities and preferred shares from the estimated value of a corporation's assets, which differs from the cash flow approach used in FCFE models.

Author: LeetQuiz Editorial Team