Year 0 sales of XYZ firm are $124.9 million. Sales are expected to grow at 6% from their year O level. Core operating profit margin is expected to be 8%. Asset turnover on beginning of period NOA is expected to be 1.8. The payout ratio is expected to be 40%. The required return on operations is 10% and the after tax cost of debt is 4%. The following forecasts were made: Year 0 Year 1 Year 2 Year 3 Sales (growing at 6%) 132.39 140.34 Operating income (PM = 0.08) 124.90 9.80 74.42 10.59 11.23 NOA ReOl (10% charge) Growth rate for Reol What is the expected NOA in year 3? O a. $77.97 million O b. $82.64 million O c. $87.60 million O d. $74.42 million O e. none of the above 148.76 11.90