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Equity: emerging market: NOPLAT

Reading 41, page 301:question 3:
when getting NOPLAT, does NOPLAT=EBIT*(1-tax)? the solution looks like that tax amount not equal to EBIT*tax. Any thought? Thanks.

I know NOPAT = EBIT (1-t), I think the difference between NOPAT and NOPLAT is NOPLAT is ‘adjusted taxs’, which is the actual cash taxes paid, so it takes into account changes in the deffered tax account on the BS

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you are right. thanks.
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I know NOPAT = EBIT (1-t), I think the difference
between NOPAT and NOPLAT is NOPLAT is ‘adjusted
taxs’, which is the actual cash taxes paid, so it
takes into account changes in the deffered tax
account on the BS

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Please update after you do as I am still somewhat confused as how this might come up.

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