Identifying Operating and Nonrecurring Income Components Following is the The Dow Chemical Company income statement. ($ millions) For Year Ended December 31 2017 2016 Net sales $62,484 $48,158 50,414 37,640 2,110 1,584 4,021 2,956 1,013 544 3,280 595 1,101 349 1,113 Cost of sales Research and development expenses Selling, general, and administrative expenses Amortization of intangibles Restructuring, goodwill impairment and asset-related charges-net Integration and separation costs Asbestos-related charge Equity in earnings of nonconsolidated affiliates Sundry income (expense)-net Interest expense and amortization of debt discount Income from continuing operations before income taxes Provision (Credit for income taxes on continuing operations) Income from continuing operations, net of tax Loss from discontinued operations, net of tax 764 442 966 1,452 1,082 858 1,193 4,413 (476) 9 1,669 4,404 (77) $1,592 $4,404 Net income c. Compute net operating profit after taxes (NOPAT) and net operating profit margin (NOPM) for each year. Assume a statutory tax rate of 25%. 2017 2016 3,202 * $ 0 x NOPAT (Round your answer to the nearest million dollar.) $ NOPM (Round your answer to one decimal place.) O % X 0 % x