Problem Set Q1. You are told two figures that the management board of Capricioso SA expects this year: Reinvestment (as a percentage of NOPAT) is likely to be 60% Incremental return on the reinvestment is likely to be 11%. What do you expect NOPAT growth to be? If you are told that independently of this spend, the ROIC on existing assets is likely to fall from 19% to 11% what would the expected change in NOPAT be instead