2. A firm has $100,000 in revenue. Cost of goods sold is $45,000 and depreciation expense is $25,000. The firm has issued $100,000 in bonds that yield 6%. It has 50,000 shares of common equity outstanding that currently sell for $1.50 each. The required rate of return on the companys stock is 9%. The firms average tax rate is 30%. What is the firms net operating profit after taxes (NOPAT)? a) $9,800 b) $4,200 c) $14,000 d) none of the above