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Unformatted text preview: $30.00 $60.00 NOPAT Assets $1,000.00 $1,000.00 Assets ROA 3.00% 6.00% ROA BEP 10.00% 10.00% BEP BEP*(1-T) 6.00% 6.00% BEP*(1-T) NOPAT = EBIT*(1-T) EBIT = (R - C - D) NOPAT = (R - C - D)*(1-T) NI = NOPAT - I + TI $30 = $60 - $50 + $20 __________ OCF = NOPAT + D OCF = (R - C - D)*(1-T) + D OCF = (R - C)*(1-T) + TD EVA = (EBIT)*(1-T) - (WACC)*(Capital) EVA = NOPAT - (WACC)*(Capital) ROIC = EBIT*(1-T) / Capital EVA = (ROIC - WACC)*(Capital) __________ EVA = NI - (r S )*(Equity Capital) ROE = NI / (Equity Capital) EVA = (ROE - r S )*(Equity Capital)...
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This note was uploaded on 07/13/2011 for the course FIN 4414 taught by Professor Staff during the Spring '08 term at University of Florida.
- Spring '08