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What is NOT true in the book's calculation of ROIC? Assumes a normal tax rate Ignores method of financing so interest expense is not included

What is NOT true in the book's calculation of ROIC?

Assumes a normal tax rate

Ignores method of financing so interest expense is not included in NOPLAT.

Assumes invested capital only for core business activities so the capitalized value of operating leases is added in

.

No debt, not even accounts payable, are included in the calculation of invested capital.

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