n the context of recent research on the Weighted Average Cost of Capital (WACC),
the Adjusted Present Value (APV) and the Flow-to-Equity (FTE), which of these
methods would you use for the following companies (explain your choice).
a) A firm with uncertain growth rates for the next 10 years.
b) A start-up firm with no debt.
c) A start-up firm with debt.
d) A financially distressed firm that has excess levels of debt but significant
accumulated tax credits.