13.7. Apply the APV method. First, compute the value of the unlevered assets of the Hughes acquisition.

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13.7. Apply the APV method. First, compute the value of the unlevered assets of the Hughes acquisition.

Next, compute the present value of the tax shield.

Finally, add the two numbers.

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Financial Markets And Corporate Strategy

ISBN: 9780071157612

2nd Edition

Authors: Mark Grinblatt, Sheridan Titman

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