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The constraint X1 + X2 ≤ 1 with 0 -1 integer programming allows for either X1 or X2 to be a part of the optimal solution, but not both.
Total Debt
The sum of all liabilities and financial obligations a company owes.
Unlevered Firm
A company or business that operates without the use of borrowed money or debt in its capital structure.
Unlevered Cost
The cost of an investment that has not been affected by the inclusion of debt, often referenced in the context of cost of capital.
After-Tax Net
The amount of money that remains after all taxes have been deducted from revenue or income.
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