The adjusted present value $($APV$)$ technique has the following advantage$($s$)$ versus discounted$-$cash$-$flow using the weighted average cost of capital $($WACC$)$:

Question options:

a$)$

APV will always works when WACC does, and sometimes when WACC doesn't

b$)$

APV requires no restrictive assumptions

c$)$

APV precisely estimates the net advantage of corporate borrowing

d$)$

All of the above options are correct

e$)$

None of the options are correct