Computing ROPI for Multiple Years Use the following data to compute ROPI for Intel Corporation for 2016 through the terminal period.

Assume that the company’s weighted average cost of capital is 9%.

$ millions Actual 2015 Horizon period Terminal 2016 2017 2018 2019 Period Sales. . . . . . . . . . . . . . . . . $55,355 $61,444 $67,588 $73,660 $78,851 $80,400 NOPAT . . . . . . . . . . . . . . . 11,288 13,518 14,193 15,469 15,770 15,276 NOA . . . . . . . . . . . . . . . . . 51,488 57,157 62,873 68,521 72,674 74,101