Cobalt Industries had sales of 158 comma 500 158,500 units at a price of $ 9.68 $9.68 per unit. It faced fixed operating costs of $ 245 comma 000 $245,000 and variable operating costs of $ 5.01 $5.01 per unit. The company is subject to a tax rate of 38 % 38% and has a weighted average cost of capital of 8.1 % 8.1%. 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.)