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Net sales Cost of goods sold Other expenses Depreciation Earnings before interest and taxes (EBIT) Interest expenses Income before tax Taxes Net income Dividends 13,203

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Net sales Cost of goods sold Other expenses Depreciation Earnings before interest and taxes (EBIT) Interest expenses Income before tax Taxes Net income Dividends 13,203 4,050 4,059 2,508 2,586 695 1,891 560 1,331 851 Start of Year Statement of Financial Position (millions of dollars) End of Year Assets: Cash and marketable securities 94 Receivables 2,372 Inventories 192 Other current assets 862 Total current assets 3,520 Net property, plant, and equipment 19,963 Other long-term assets 4,221 Total assets 27,704 Liabilities and shareholders' equity: Payables 2,569 Short-term debt 1,414 Other current liabilities 816 Total current liabilities 4,799 Long-term debt and leases 7,038 Other long-term liabilities 6,183 Shareholders equity 9,684 Total liabilities and shareholders' equity 27,704 163 2,480 243 927 3,813 19,905 3,775 27,493 3,045 1,568 792 5,405 6,823 6,154 9,111 27,493 Phone Corp's cost of capital was 7.8%. Estimate the tax rate (taxes/income before taxes) and calculate net operating profit after taxes (Round your intermediate calculations and final answers to 2 decimal places. Enter your answer for NOPAT in millions of dollars.) Intimated tax rate SON 5 What was Phone Corp's economic value added? (Round your intermediate calculations and final answer to 2 decimal places. Enter your answer in millions of dollars.) SVN

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