The Non-Market Rate Financing Impact on the APV Is

question 44

Multiple Choice

The non-market rate financing impact on the APV is:

• A) calculated by T_cB because the tax shield depends only on the amount of financing.
• B) calculated by subtracting the all equity NPV from the FTE NPV.
• C) irrelevant because it is always less than the market financing rate.
• D) calculated by the NPV of the loan using both debt rates.

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