A fellow analyst suggested valuing the company based on the APV approach. iii. Estimate the discount rate you should use the value Solo's free cash flows based on the APV approach (Hint: un-lever the equity beta and use the CAPM to obtain the company's unlevered cost of capital). iv. Based on the APV approach, estimate Solo's firm value. (Assume that the only effect of leverage on firm value is through Interest tax shields and that those are discounted at the cost of debt).