Question: In this first example, the tax shield is calculated changing the sign of the other non-operating income. Use the income statement for Staples, Inc., to

In this first example, the tax shield is calculated changing the sign of the other non-operating income.

Use the income statement for Staples, Inc., to compute the following:

a. The tax shield

b. NOPAT

In this this second example the tax shield is calculated maintaining the signs

In this first example, the tax shield is calculated changing the sign

Could you please clarify the two different logics?

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