I would like to ask regarding the pass year june 2012 que 1 ii regarding the calculation of eva .. the nopat amount that are given in the answer is 183, 626 (262322 -78697)…
But i wonder why not the amount of 154,225 ( 262322-78697-29400)?
Seem 262,322 is net profit before interest and tax, why interest no being minus to get the nopat amount?