13. Another way of looking at profitability for a company is to calculate their NOPAT: Net Operating Profit After Taxes. Since we know what "operating profit is (see question 6), we should be able to calculate NOPAT for HV. a. Using 20% as HV's tax rate, what is HV's NOPAT for 2017? b. Based on what is left out of the NOPAT calculation (interest expenses), what does NOPAT tell us and why would we be interested in it? 13. Another way of looking at profitability for a company is to calculate their NOPAT: Net Operating Profit After Taxes. Since we know what "operating profit is (see question 6), we should be able to calculate NOPAT for HV. a. Using 20% as HV's tax rate, what is HV's NOPAT for 2017? b. Based on what is left out of the NOPAT calculation (interest expenses), what does NOPAT tell us and why would we be interested in it