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The Adjusted Present Value (APV) approach implies ... A. that the optimal capital structure is 100% debt. B. that the optimal capital structure is 100%

The Adjusted Present Value (APV) approach implies ... A. that the optimal capital structure is 100% debt. B. that the optimal capital structure is 100% equity. C. that the value of a levered firm is always greater than that of an unlevered firm if the corporate tax rate is positive.

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