Proof of Valuation Using Ku or WACC without Interest Tax Shield

This article shows you how to prove that use of WACC or use of the un-levered cost of equity produces correct valuation of a corporation in the case where there is no tax shield on interest expense. Establishing a way to use cash flow components to prove valuation derived from classic WACC is essential for … Continue reading Proof of Valuation Using Ku or WACC without Interest Tax Shield