Edwards Electronics recently reported $13,250 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)? Select the correct answer.

a. $4,875.00 b. $4,915.80 c. $4,936.20 d. $4,854.60 e. $4,895.40