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Edwards Electronics recently reported $14,500 of sales, $5,500 of operating costs other than depreciation, and $1,250 of depreciation. The company had no amortization charges,
Edwards Electronics recently reported $14,500 of sales, $5,500 of operating costs other than depreciation, and $1,250 of depreciation. The company had no amortization charges, it had $3,500 of bonds that carry a 6.25% interest rate, and its federal-plus-state income tax rate was 25%. How much was its net operating profit after taxes (NOPAT)? Select the correct answer. a. $5,812.50 b. $5,835.50 c. $5,766.50 d. $5,789.50 e. $5,858.50
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