Computing ROPI for Multiple Years Use the following data to compute ROPI for Under Armour Inc. for 2016 through the terminal period.

Assume that the company’s weighted average cost of capital is 10%.

$ thousands Actual 2015 Horizon period Terminal 2016 2017 2018 2019 Period Sales. . . . . . . . . . . . . . . . . $3,963,313 $4,240,745 $4,452,782 $4,630,893 $4,816,129 $4,888,371 NOPAT . . . . . . . . . . . . . . . 246,346 263,590 275,386 284,969 294,886 299,310 NOA . . . . . . . . . . . . . . . . . 2,207,370 2,361,886 2,472,562 2,563,773 2,658,349 2,698,225