问题如下:
2. What is EP during Year 1?
选项:
A. -12,101.
B. -6,000.
C. 6,000.
解释:
EP = NOPAT $WACC
NOPAT = EBIT(1 Tax rate) = 30,000(1 0.40) = 18,000
$WACC = WACC × Capital = 0.12(200,000) = 24,000
EP = 18,000 -24,000 = -6,000
这里的capital可以理解为前一年的资产么?怎么理解?