ICAN SFM – Nov 2019 Q1 | Adjusted Present Value (APV) – Part A

In this video, we solve Part A of Question 1 from the November 2019 ICAN Strategic Financial Management (SFM) exam. The focus is on computing the base case NPV (unlevered project value) for Agbeloba Limited’s proposed yam pounder project. We carefully identify the relevant cash flows, adjust for working capital and tax effects, and present the calculation in a clear exam-ready format. This is the first step in the APV approach. Part B, which covers the financing impact (subsidised loan, tax shield, and issue costs), will be addressed in the next video. Ideal for ICAN SFM revision and exam preparation. #ICAN #SFM #APV #NPV #CorporateFinance #FinanceExams