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- 2011-7-11
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- 2016-10-26
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Well here is the process:
You have EBIT ( or marginal earnings if you implement the process)
NOPLAT = EBIT ( 1-tax rate)
Free cashflow = NOPLAT - change in invested capital
This implies that Free cashflow is after tax. Not before tax. |
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发表于 2011-7-13 15:48
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