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).


By taking into account financing benefits, APV includes tax shields such as those provided by deductible interests.



Understanding The Time Value Of Money - Find out why time really is money by learning to calculate present and future value.
Related Terms

Cost of Capital

Net Present Value (NPV)

Present Value (PV)

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