Question: Techno Software limited recently published its financial statements for FY 2019.Its Net Profit amounted to USD 50 Million whereas it has employed equity capital amounting

Techno Software limited recently published its financial statements for FY 2019.Its Net Profit amounted to USD 50 Million whereas it has employed equity capital amounting to USD 110 Million. The companys beta was estimated at 1.7 whereas, the risk-free rate and market risk premium stood at 5% and 8% respectively. Estimate the companys Economic profit and discuss its utility as compared to the Net Profit

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