You are asked to find the value of a potential target firm, Anderson Corp. You collect the following data for the firm: Firm's equity beta, from current market data = beta_s = 1.25 Firm's debt beta at actual and target capital structure = beta_d = 0.15 Currently prevailing yield on long term T-bonds = 4.50% Actual capital structure: D/V = 0.35, S/V = 0.65 Target capital structure: D/V = 0.40, S/V = 0.60 Tax rate = 30% Ibbotson and Sinquefield data on portfolio returns averaged over 1926-2014 are in Table 1. If you were to estimate the value of the firm using: The Net Present Value (NPV) method: How would you define and measure the annual CFs? What is your estimate of the appropriate discount rate? (ii) The Capital Cash Flow (CCF) method: How would you define and measure the annual CFs? What is your estimate of the appropriate discount rate? (iii) The Adjusted Present Value (APV) method: How would you define and measure the annual CFs? What is your estimate of the appropriate discount rate(s)? (iv) When is it appropriate to use the CCF method and the APV method to value a firm and why