Balance sheets and income statements for Costco Wholesale Corporation follow.

Costco Wholesale Corporation

Consolidated Statements of Earnings

For Fiscal Years Ended $($$ millions$)$ September $2,2018$

Total revenue $$141,576$

Operating expenses

Merchandise costs $123,152$

Selling, general and administrative $13,876$

Preopening expenses $68$

Operating Income $4,480$

Other income $($expense$)$

Interest expense $159$

Interest income and other, net $(121)$

Income before income taxes $4,442$

Provision for income taxes $1,263$

Net income including noncontrolling interests $3,179$

Net income attributable to noncontrolling interests $(45)$

Net income attributable to Costco $$3,134$

Costco Wholesale Corporation

Consolidated Balance Sheets

$($$ millions, except par value and share data$)$ September $2,2018$ September $3,2017$

Current assets

Cash and cash equivalents $($excess$,$ not used in operations$)$ $$6,055$ $$4,546$

Short$-$term investments $1,2041,233$

Receivables, net $1,6691,432$

Merchandise inventories $11,0409,834$

Other current assets $321272$

Total current assets $20,28917,317$

Net property and equipment $19,68118,161$

Other assets $860869$

Total assets $$40,830$ $$36,347$

Current liabilities

Accounts payable $$11,237$ $$9,608$

Accrued salaries and benefits $2,9942,703$

Accrued member rewards $1,057961$

Deferred membership fees $1,6241,498$

Other current liabilities $3,0142,725$

Total current liabilities $19,92617,495$

Long$-$term debt $6,4876,573$

Other liabilities $1,3141,200$

Total liabilities $27,72725,268$

Equity

Preferred stock, $$0\mathrm{.}01$ par value: $00$

Common stock, $$0\mathrm{.}01$ par value: $44$

Additional paid$-$in$-$capital $6,1075,800$

Accumulated other comprehensive loss $(1,199)(1,014)$

Retained earnings $7,8875,988$

Total Costco stockholders$$ equity $12,79910,778$

Noncontrolling interests $304301$

Total equity $13,10311,079$

Total liabilities and equity $$40,830$ $$36,347$

$($a$)$ Compute net operating profit after tax $($NOPAT$)$ for $2018.$ Assume that the combined federal and state statutory tax rate is $22\%.($Round your answer to the nearest whole number.$)$

$2018$ NOPAT