Following is the income statement for Fed Ex. Compute its 2008 net operating profit after tax (NOPAT) assuming a \(37.1 \%\) total statutory tax rate and that "Other, net" reported under other income (expense) is nonoperating.

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Year ended May 31 ($ millions) Revenues... Operating Expenses Salaries and employee benefits Purchased transportation. Rentals and landing fees Depreciation and amortization Fuel...... Maintenance and repairs Impairment charges Other..... Operating income... Other income (expense) Interest expense. Interest income. Other, net. Income before income taxes Provision for income taxes.. Net income.... FEDEX CORPORATION 2008 2007 2006 $37.953 $35,214 $32,294 14,202 13,740 12,571 4,447 3,873 3,251 2.441 2,343 2.390 1,946 1,742 1,550 4,596 3,533 3,256 2.068 1,952 1,777 882 - 5,296 4,755 4,485 35,878 31,938 29,280 2,075 3,276 3,014 (98) (136) (142) 44 83 38 (5) (8) (11) (59) (61) (115) 2,016 3,215 2,899 891 1,199 1,093 $ 1,125 $ 2,016 $ 1,806