CHAPTER 19 INTERACTIONS OF INVESTMENT AND FINANCING DECISIONS INTRODUCTION This chapter takes us off in a new ... that the analyses begin with a base case all -equity financed firm and then evaluates the side effects of financing the project. ... (APV) rule is applied by first determining the present value of a project assuming that it is an all-equity-financed mini-firm. ... The true value of the tax shield is invariably less than that implied by the corporate marginal tax rate.
Title | : | Study guide to accompany Brealey and Myers Principles of corporate finance |
Author | : | Charles A. D'Ambrosio, Stewart D. Hodges, Richard A. Brealey |
Publisher | : | - 1988-12 |
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