Cobalt Industries had sales of 154,700 units at a price of $9.55 per unit. It faced fixed operating costs of $258,000 and variable operating costs of $5.02 per unit. The company is subject to a tax rate of 38% and has a weighted average cost of capital of 7.1%. Calculate Cobalt's net operating profits after taxes (NOPAT), and use it to estimate the value of the firm. (Assume the firm's earnings are not growing.) Cobalt's NOPAT is $ (Round to the nearest dollar.)