genuinecfa

"That is Economic income = cash flow (for that year) - economic depreciation."

thanks.

After tax cash flow - economic dep = economic income

MVA = market value of D and E - Book value of D and E. But it is also computed by doing an NPV of the EVA using WACC as the discount rate (I think). In all the MVA ?'s I've seen (most of um at least), they don't give you market value of D and E or Book value of D and E. that would be too easy i think.