Following are Cisco Systems' sales, net operating profit after tax (NOPAT), and net operating assets (NOA) for its year ended July 31, 2016 ($ millions). Sales Net operating profit after tax (NOPAT) Net operating assets (NOA) $49,247 10,575 26,472 Use the parsimonious method to forecast Cisco's sales, NOPAT, and NOA for years 2017 through 2020 using the following assumptions. Sales growth per year for 2017 1.096 and 2.096 thereafter 21.596 Net operating profit margin (NOPM) Net operating asset turnover (NOAT), based on NOA at July 31, 2016 1.86 Daudissettien Rounding instructions: Round total revenue "unrounded" to two decimal places. Round total revenue "rounded", NOPAT and NOA answers to the nearest whole number. For NOPAT and NOA computations, use total revenue "rounded". 2017 Est 2018 Est. 2019 Est. 2020 Est. $ millions Total revenue (unrounded) $ Total revenue (rounded) NOPAT NOA Following are Cisco Systems' sales, net operating profit after tax (NOPAT), and net operating assets (NOA) for its year ended July 31, 2016 ($ millions). Sales Net operating profit after tax (NOPAT) Net operating assets (NOA) $49,247 10,575 26,472 Use the parsimonious method to forecast Cisco's sales, NOPAT, and NOA for years 2017 through 2020 using the following assumptions. Sales growth per year for 2017 1.096 and 2.096 thereafter 21.596 Net operating profit margin (NOPM) Net operating asset turnover (NOAT), based on NOA at July 31, 2016 1.86 Daudissettien Rounding instructions: Round total revenue "unrounded" to two decimal places. Round total revenue "rounded", NOPAT and NOA answers to the nearest whole number. For NOPAT and NOA computations, use total revenue "rounded". 2017 Est 2018 Est. 2019 Est. 2020 Est. $ millions Total revenue (unrounded) $ Total revenue (rounded) NOPAT NOA