Colbalt Industries had sales of 145,800 units at a price of $9.14 per unit. It faced fixed operating cost of $246,000 and variable operating cost of $5.01 per unit. The company is subject to a tax rate of 38% and has a weighted average cost of capital of 7.3%. Calculate Colbalt's net operating profits after taxes ( NOPAT ), and use it to estimate the value of the firm. (Assume the firm's earnings are not groing.)