Solve for NOPAT. Please be thorough and show how you computed your answer.

For reference, NOPAT is equal to $10,575. However, I don't know how to acquire this number.

Forecasting with the Parsimonious Method and Estimating Share Value Using the ROPI Model Following are the income statement and balance sheet for Cisco Sytems for the year ended July 30, 2015. Ciao Sytem: Consolidated Statement! of Income Year: Ended December [5 million] 1"" 30' M3 3' 2016 2015 Revenu e Prod uct $31254- $37,750 Service 11393 11,411 Total revenue 4912-11-7 49,161 Cost of sales Product 141161 1537'? Se rvice 41126 4,103 Total cost of sales 1823.III 19,430 Gross margin 301960 29, 531 0 pera ling expenses Research and development 6295 6120? Sales and marketing 9'51 9 9,321 General and administrative 1181-1 2104-0 Am ortization of purchased inta n gibl e assets 303 359 Resou ctu ring and other charges 2'53 434 Total operating expenses 181300 13.91 1 O pera ting income 121560 101770 Interestincome 11005 769 Interest expen se [EYE] (565] Other income (loss)r net (59] 223 Interest and other income (loss); net 250 431 Income before provision For income taxes 121920 111201 Provision for income taxes 21131 2,220 Net income 510339 $8,931 (1)) Compute net operating profit after tax {NOPAT} for 2016. assuming a federal and state statutory tax rate of 37%.(Round your answer to the nearest whole number.) 2016 NOPAT=$ 0 x (c) Forecast Cisco's sales. NOPAT. and NBA for years 201 7' through 2020 and the terminal period using the following assumptions: Sales growth 201? 11-11 Sales growth 2018-2020 21-11 Terminal growth 11-11 Net operating profit margin 21.5% Net operao'ng asset turnover 1.36