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 26, 2008
Net sales	$18,647,126
Cost of sales, including buying and occupancy costs	14,082,448
Selling, general and administrative expenses	3,126,565
Provision (credit) for computer intrusion related costs	197,022
Interest expense (revenue), net	(1,598)
Income from continuing operations before provision for income taxes	1,242,689
Provision for income taxes	470,939
Income from continuing operations	771,750
Gain from discontinued operations, net of income taxes	-
Net income	$ 771,750
U.S. federal statutory income tax rate	35.0%
Effective state income tax rate	4.1%
Impact of foreign operation	-0.6%
All other	-0.6%
Worldwide effective income tax rate	37.9%

a. Compute TJX's 2007 statutory tax rate using its income tax footnote disclosure.

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

Answer

%

b. Compute TJX's NOPAT for fiscal year 2007 using its tax rate from part a.

Round answer to the nearest whole number. $Answer