Compute NOPAT

The income statement for The TJX Companies, Inc., follows.

THE TJX COMPANIES, INC. Consolidated Statements of Income
Fiscal Year Ended ($ thousands)	January 29, 2011
Net sales	$21,942,193
Cost of sales, including buying and occupancy costs	16,040,461
Selling, general and administrative expenses	3,710,053
Provision (credit) for computer intrusion related costs	(11,550)
Interest expense (revenue), net	39,137
Income from continuing operations before provision for income taxes	2,164,092
Provision for income taxes	824,562
Income from continuing operations	1,339,530
Gain from discontinued operations, net of income taxes	3,611
Net income	$ 1,343,141

Assume that the combined federal and state statutory tax rate is 39.1%.

a. Compute NOPAT using the formula: NOPAT = Net income + NNE.

Round to the nearest whole number.

b. Compute NOPAT using the formula: NOPAT = NOPBT Tax on operating profit.

Round to the nearest whole number.