Following is the income statement for \(3 \mathrm{M}\) Company.

Compute net operating profit after tax (NOPAT) for 2007 , assuming a federal and state statutory tax rate of \(35.9 \%\)

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3M COMPANY Income Statement Year Ended December 31 (millions) 2007 2006 2005 Net sales.... $24,462 $22.923 $21,167 Operating expenses Cost of sales... 12,735 11,713 10,408 Selling, general and administrative expenses 5,015 5,066 4,631 Research, development and related expenses Gain on sale of businesses... 1,368 1,522 1,274 (849) (1,074) Total... 18,269 17,227 16,313 Operating income... 6,193 5,696 4.854 Interest expense and income Interest expense.. Interest income. Totai... 210 122 82 (132) (51) (56) 78 71 26 Income before income taxes, minority interest and cumulative effect of accounting change. 6,115 5,625 4.828 Provision for income taxes... 1,964 1,723 1,627 Minority interest..... Income before cumulative effect of accounting change Cumulative effect of accounting change. 55 51 55 4,096 3,851 3.146 - (35) Net income $ 4,096 $ 3,851 $ 3,111