Adjusted Present Value - APV
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). |
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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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