ity ▁fin anced ▁( so ▁called ▁" base ▁case "). ▁Then ▁the ▁base - case ▁N P V ▁is ▁adjust ed ▁for ▁the ▁benefits ▁of ▁finan cing . ▁Usually , ▁the ▁main ▁benefit ▁is ▁a ▁tax ▁shield ▁resulted ▁from ▁tax ▁ded uct ibility ▁of ▁interest ▁pay ments . ▁Another ▁benefit ▁can ▁be ▁a ▁subs id ized ▁borrow ing ▁at ▁sub - market ▁rates . ▁The ▁AP V ▁method ▁is ▁especially ▁effective ▁when ▁a ▁lever aged ▁buy out ▁case ▁is ▁considered ▁since ▁the ▁company ▁is ▁loaded ▁with ▁an ▁extreme ▁amount ▁of ▁deb t , ▁so ▁the ▁tax ▁shield ▁is ▁substantial . ▁ ▁References ▁ ▁Category : Val u ation ▁( fin ance ) ▁Category : Fin an cial ▁models <0x0A> </s> ▁Time qu ake ▁is ▁a ▁semi - aut obi ographical ▁work ▁by ▁Kurt ▁V onn eg ut , ▁Jr . ▁published ▁in ▁ 1 9 9 7 . ▁Market ed ▁as ▁a ▁novel , ▁the ▁book ▁was ▁described ▁as ▁a ▁" st ew " ▁by ▁V onn eg ut , ▁in ▁which ▁he ▁summar izes ▁a ▁novel ▁he ▁had ▁been ▁struggling ▁with ▁for ▁a ▁number ▁of ▁years . ▁ ▁Plot ▁summary ▁V onn eg ut ▁uses ▁the ▁prem ise ▁of ▁a ▁time qu ake ▁( or ▁repet ition ▁of ▁actions ) ▁in ▁which ▁there ▁is ▁no ▁free ▁will . ▁The ▁idea ▁of ▁determin ism ▁is ▁expl ored — as ▁it ▁is ▁in ▁many ▁of ▁his ▁previous ▁works — to ▁assert ▁that ▁people ▁really ▁have ▁no ▁free ▁will . ▁Kil g ore ▁Tr out