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E13-5 Shaga shpk is an Albanian company that produces and sells furniture. Last year it had sales of 2,000 units at a price of L12,000

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E13-5 Shaga shpk is an Albanian company that produces and sells furniture. Last year it had sales of 2,000 units at a price of L12,000 per unit (Albania's currency is Alba- nian lek, L). It faced fixed operating costs of L12,500,000 and variable costs of L4,000 per unit. The company is subject to a tax rate of 15% and has a weighted average cost of capital of 10%. Calculate Shaga's net operating profit after taxes (NOPAT), and use them to estimate the value of the firm

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