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Equity book, Page 302, question 3
Forcasting NOPLAT in real terms:
I arrived at EBIT the same way the book does it. The last step is where i tripped. The CFAI deducted the Real Forcasted Tax for 2009, which is about 36% tax rate.
I used the 35% tax rate for 2009 instead.
Why the preference? |
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