For fiscal year 2020, LaundryMate Products had income as follows:
	Sales							$55,000,000
	Less:
	Cost of goods sold					$ 38,400,000
	Selling and administrative expense					5,700,000
	Interest expense					1,000,000		45,100,000
	Income before taxes							9,900,000
	Less income taxes							1,980,000
	Net income							$ 7,920,000
Other pertinent information for 2020 follows:
	Total assets					$ 97,000,000
	Noninterest-bearing current liabilities					3,200,000
	Required rate of return on invested capital					10%
Required
Calculate NOPAT, invested capital, and ROI for LaundryMate Products.

Income Tax Rate= ______/______ =_____

NOPAT=_____+[_____x(______)]=_____

Invested Capital=_____-_____=_____

ROI=_____/_____=_____

Comment on the company's profitability:

Suppose LaundryMate Products had $11,000,000 of fully depreciated equipment of which it decided to dispose. Calculate ROI after the disposal of the equipment.

NOPAT=_____+[_____x(_____)]=_____

Adjusted invested capital=_____-_____=_____

New ROI=_____/_____=_____

What incentives might a manager have to dispose of assets?