True or False

- In the Adjusted Present Value (APV) model, the appropriate discount rate for the tax shield is the after tax cost of debt.

- In the Adjusted Present Value (APV) model, you include only the final periods tax shield value when calculating the continuing value.

- The Adjusted Present Value (APV) model allows for a changing capital structure by focusing on the tax effects of the interest deduction separately from the cashflows to equity investors.

- One of the strengths of the Economic Profit (EVA) model is that it clearly shows the amount of financing required for a particular year.

- In theory, the Discounted Cash Flow (DCF) model, Economic Profit (EVA) model, and the Adjusted Present Value (APV) model suggest the same intrinsic value if they have the same assumptions.

- The appropriate discount rate for the Economic Value Added (EVA) Model is the levered cost of equity.