Difference between Eco income in equity and corp fin

CFA Level II Corporate Finance
#1

I wanted to know if there is any difference between economic income in the equity and corp finance book?

#2

The economic income I know is just

Economic Income = After-tax Cash Flow - Economic Depreciation

Otherwise, there’s Economic Profit = NI NOPAT - $WACC (Better change in case I confuse anyone, cheers Prodigal)

Would love to know if anyone seen any variation of that too. =)

#3

Dude Econ profit = NOPAT - $WACC (not NI as you said; big difference).

and econ income = after-tax cash flow + (end-beg market value)

P

#4

Thanks Prodigal. =X

yeap. big difference! haha

#5

is economic income the same as EVA?

#6

no, economic profit=EVA