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Estimate a firm's NOPAT based on the fol- lowing information: net sales = $2,000,000; EBIT = $600,000; net income = $20,000; and effective tax rate

Estimate a firm's NOPAT based on the fol- lowing information: net sales = $2,000,000; EBIT = $600,000; net income = $20,000; and effective tax rate = 30%.

a. $600,000 b. $420,000 c. $150,000 d. $70,000

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