1. 2.

If the debt level is known over the life of a project and the debt-value ratio is not expected to remain constant, then the suggested approach for valuing a levered firm is: the adjusted present value approach the flow to equity approach the weighted average cost of capital approach Which of the following features of the current tax code give firms a disincentive to issue a dividend? Capital gains tax only applies to the profit from a sale. All of the other answers. Personal tax rates are generally higher than corporate tax rates. Half of the dividends that one corporation receives from another corporation are tax-exempt. If the debt level is known over the life of a project and the debt-value ratio is not expected to remain constant, then the suggested approach for valuing a levered firm is: the adjusted present value approach the flow to equity approach the weighted average cost of capital approach Which of the following features of the current tax code give firms a disincentive to issue a dividend? Capital gains tax only applies to the profit from a sale. All of the other answers. Personal tax rates are generally higher than corporate tax rates. Half of the dividends that one corporation receives from another corporation are tax-exempt