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The Addison Corporation is planning on introducing a new line of saxophones. They expect sales to be ( $ 200,000 ) per year, with total fixed and variable costs representing ( 70 % ) of sales. The discount rate on the unlevered firm is ( 17 % ) but the firm plans to raise ( $ 77,820 ) of the initial ( $ 150,000 ) investment at ( 9 % ) perpetual debt. The corporation tax rate is ( 34 % ) and the target debt-to-value ratio is 0.30 . Find VU ( ($ 232,941) ) VL ( ($ 259,400) ) VL using the FTE approach ( ($ 259,400) ) d) VL using FCFF (Free cash flow to the firm) ( ($ 259,400) ) e) Calculate the all equity NPV ( ($ 82,941) ) f) Calculate APV also called the NPV of the project under leverage ( ($ 109,400) ) Calculate the NPV of the project under leverage using the FTE approach ( ($ 109,400) ) Calculate the NPV of the project under leverage using the WACC approach ( ($ 109,400) )

The Addison Corporation is planning on introducing a new line of saxophones. They expect sales to be $200,000 per year, with total fixed and variable costs representing 70% of sales. The discount rate on the unlevered firm is 17% but the firm plans to raise $77,820 of the initial $150,000 investment at 9% perpetual debt. The corporation tax rate is 34% and the target debt-to-value ratio is 0.30 . Find VU ($232,941) VL ($259,400) VL using the FTE approach ($259,400) d) VL using FCFF (Free cash flow to the firm) ($259,400) e) Calculate the all equity NPV ($82,941) f) Calculate APV also called the NPV of the project under leverage ($109,400) g) Calculate the NPV of the project under leverage using the FTE approach ($109,400) Calculate the NPV of the project under leverage using the WACC approach ($109,400)