Compute NOPAT Using Tax Rates from Tax Footnote The income statement for The TJX Companies, Inc., follows.

THE TJX COMPANIES, INC. Consolidated Statements of Income
Fiscal Year Ended ($ thousands)	January 29, 2005
Net sales	$14,913,483
Cost of sales, including buying and occupancy costs	11,398,656
Selling, general and administrative expenses	2,500,119
Provision (credit) for computer intrusion related costs	-
Interest expense (revenue), net	25,757
Income from continuing operations before provision for income taxes	988,951
Provision for income taxes	379,252
Income from continuing operations	609,699
Gain/(loss) from discontinued operations, net of income taxes	-
Net income	$ 609,699
U.S. federal statutory income tax rate	35.0%
Effective state income tax rate	4.3%
Impact of foreign operation	-0.4%
All other	-0.4%
Worldwide effective income tax rate	38.5%

a. Compute TJX's 2004 statutory tax rate using its income tax footnote disclosure.

Round answer to one decimal place (ex: 0.2345 = 23.5%).

__________%

b. Compute TJX's NOPAT for fiscal year 2004 using its tax rate from part a.

Round to the nearest whole number. $________