1. Assuming that the book value of equity and debt are the same as their market values (V = E + D) in Equations 4.11 through 4.14, demonstrate that FCF / (1 + A-TWACC) equals CFA / (1 + P-TWACC). 2. Why is using CFA with A-TWACC considered double counting the tax benefit of debt? 3. Why is the constant discount rate used in the textbook version of NPV similar to the yield to maturity measure for a bond? 4. Discuss the issue of an FCF being an all-equity version of CFA regarding the scale of the project when debt is unavailable for funding a project. 5. If debt funding is unavailable for a project, is there a difference between CFA and FCF and between P-TWACC and A-TWACC? 6. How do different depreciation schedules (accelerated versus straight-line) affect EVA? 1. Assuming that the book value of equity and debt are the same as their market values (V = E + D) in Equations 4.11 through 4.14, demonstrate that FCF / (1 + A-TWACC) equals CFA / (1 + P-TWACC). 2. Why is using CFA with A-TWACC considered double counting the tax benefit of debt? 3. Why is the constant discount rate used in the textbook version of NPV similar to the yield to maturity measure for a bond? 4. Discuss the issue of an FCF being an all-equity version of CFA regarding the scale of the project when debt is unavailable for funding a project. 5. If debt funding is unavailable for a project, is there a difference between CFA and FCF and between P-TWACC and A-TWACC? 6. How do different depreciation schedules (accelerated versus straight-line) affect EVA