Complete each sentence, formula or rase With the answer that best com etes the sentence: 1 APV is similar to that of the NPV exce of an unlevered firm + that for the levered firm the APV=NPV of the 2 The to thee ui approach discounts the aftertax cash flows from a project goin holders ofa levered firm usin the cost of ca ital Ofe uit holders in a levered firm. 3 In analysis of our Fed X vs UPS case, which country opened up its borders to allow penetration by US trans ration com nies that was ex ected to si nificantl fuel ear to ear rowth 4 occurs if the value of the combined firm after the merger is greater than the sum of the value of theac uirin firm and the value of theac uired firm before the mer er_ 6 AOI) 6 Ina the same industry 7 AOI) firm is created. offer is a public offer to buy shares ofa target firm in an acquisition ac uisition, both theac uirer and theac uired are in is the same as a mer er exce that an entirel new 8 Tax gains are sometimes sited as a reason for a mer er_ On such tax in reason is to rchase a com m,' with an NOL NOL stands for and came up with Propositions and II relative to valuation of levered and unlevered com nies both norin taxes and with cor rate taxes 10 The most basic type of is the sale ofa division, business unit, s ment, or set of assets to another companv_ Other types are Cave-Out, and Spin-Off_