The APV method to value a project should be used when the: Multiple Choice project's level of debt is known over the life of the project. project's target debt to value ratio is constant over the life of the project. project's debt financing is unknown over the life of the project. both project's level of debt is known over the life of the project; and project's target debt to value ratio is constant over the life of the project. both project's target debt to value ratio is constant over the life of the project; and project's debt financing is unknown over the life of the project