Projecting NOPAT and NOA Using Parsimonious Forecasting Method Following are 3M's sales, net operating profit after tax (NOPAT), and net operating assets (NOA) for its fiscal year ended 2015 (5millions). Net sales 530.274 Net operating profit after tax (NOPAT) 4918 Net operating assets (NOA) 20502 Use the parsimonious method to forecast 3M's sales, NOPAT, and NOA for fiscal years 2016 through 2020 using the following assumptions. Net sales growth per year Net operating profit margin (NOPM) Net operating assets turnover (NOAT), based on NOA at fiscal year end 1.48 (5 millions) 2016 2017 Est. 2018 Est. Sales rounded two decimal places) $30.274.00 5 30.425.37 S 30.577.5 5 Sales (rounded nearest whole number) 530,274 5 30.4255 30.5785 NOPAT (rounded nearest whole number)" 54,918 5 45.029 X 5 OXS NOA rounded nearest whole number)* $20.5025 OS OX *Use Sales - rounded nearest whole number to calculate NOPAT and NOA 2019 Est 20.20 Est. 30,7309 5 2088404 30.730 $ 30.994 Os OX5