DEFINITION of 'Adjusted Present Value  APV'
The Net Present Value (NPV) of a project if financed solely by equity plus the Present Value (PV) of any financing benefits (the additional effects of debt).
INVESTOPEDIA EXPLAINS 'Adjusted Present Value  APV'
By taking into account financing benefits, APV includes tax shields such as those provided by deductible interests.
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RELATED TERMS

Net Present Value  NPV
The difference between the present value of cash inflows and ... 
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Interest calculated on the initial principal and also on the ... 
Cost Of Capital
The required return necessary to make a capital budgeting project, ... 
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Time Value of Money  TVM
The idea that money available at the present time is worth more ... 
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The value of an asset or cash at a specified date in the future ...
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The value at risk is a statistical risk management technique that monitors and quantifies the risk level associated with ... Read Full Answer >> 
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