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Memphic Memphic
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6 years ago
The unlevered value of Aardvark's new project is closest to:
A) $205
B) $100
C) $164
D) $202
Textbook 
Corporate Finance: The Core

Corporate Finance: The Core


Edition: 4th
Authors:
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Replies
wrote...
6 years ago
D
Explanation:  D) rU =   rE +   rD
rU =   .12 +   .07 = 10.0%
VU =   +   +   = $202.10
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