Equity book, Page 302, question 3

Forcasting NOPLAT in real terms: I arrived at EBIT the same way the book does it. The last step is where i tripped. The CFAI deducted the Real Forcasted Tax for 2009, which is about 36% tax rate. I used the 35% tax rate for 2009 instead. Why the preference?

I think it’s because they used the real tax rate and not the nominal given one.

oh i see. thanks canadiananalyst