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Swamp & Sand Industries has the following data. At a discount rate of 12%, calculate its Adjusted Present Value (APV) for 20X1 through 20X3. Interest
Swamp & Sand Industries has the following data. At a discount rate of 12%, calculate its Adjusted Present Value (APV) for 20X1 through 20X3. Interest expense is $5 million per year.The interest rate on debt is 6%.The corporate tax rate is 40%.
20X1
20X2
20X3
FCF
109109109Depreciation
2
2
2
All numbers are in millions.
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