difference economic profit and EVA?

[isabellano9]

Dear all .. for those working with Schweser : if we look at Study session 8 page242 we read Economic profit is EP = NOPAT - $WACC.
all fine
but then in session 12 - chapter 37 page 227 we read EVA = NOPAT - (WACCxtotal capital)
in that chapter we read about the difference between residual income and EVA but not what the difference is between economic profit and EVA…. can someone help here?

 

[isabellano9]

PS I did go through the posts but no clear answers… according to the formula in the book it should be the same … hence my question

 

[tau281290]

They are the same thing, that’s why.