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c. Compute net operating profit after tax (NOPAT) for the year ended February 3, 2019. Assume a federal and state combined statutory tax rate of
c. Compute net operating profit after tax (NOPAT) for the year ended February 3, 2019. Assume a federal and state combined statutory tax rate of 22%. Also, consider the Impairment loss of $237 million before tax ( $185 million after tax) to be a nonpersistent item. Exclude the after-tax amount from your NOPAT calculation.
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