PLEASE CALCULATE NOPAT

Compute NOPAT Using Tax Rates from Tax Footnote The income statement for The TJX Companies, Inc., follows. THE TJX COMPANIES, INC. Consolidated Statements of Income Fiscal Year Ended ($ thousands) Net sales Cost of sales, including buying and occupancy costs Selling, general and administrative expenses Provision (credit) for computer intrusion related costs Interest expense (revenue), net Income from continuing operations before Provision for income taxes January 29, 2011 $21,942,193 16,040,461 3,710,053 (11,550) 39,137 2,164,092 824,562 1,339,530 3,611 $1,343,141 provision for income taxes Income from continuing operations Gain from discontinued operations, net of income taxes Net income U.S. federal statutory income tax rate Effective state income tax rate Impact of foreign operation All other Worldwide effective income tax rate 35.0% 4.16 0.5% 0.5% 38.16 a. Compute TJX's 2010 statutory tax rate using its income tax footnote disclosure Round answer to one decimal place (ex: 0.2345 = 23.5%) 39.1 b. Compute TJX's NOPAT for fiscal year 2010 using its tax rate from part a Round to the nearest whole number $815,774