The Value of a Corporation in a Levered Buyout Is

The value of a corporation in a levered buyout is composed of which following four parts:

A) unlevered cash flows and interest tax shields during the debt paydown period, unlevered terminal value, and asset sales.
B) unlevered cash flows and interest tax shields during the debt paydown period, unlevered terminal value and interest tax shields after the paydown period.
C) levered cashflows and interest tax shields during the debt paydown period, levered terminal value and interest tax shields after the paydown period.
D) levered cashflows and interest tax shields during the debt paydown period, unlevered terminal value and interest tax shields after the paydown period.