Edwards Electronics recently reported $11,250 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 ) ?

	a.	$3,206.25
	b.	$2,893.64
	c.	$2,748.96
	d.	$3,045.94
	e.	$3,375.00