EP Enterprises has the following income statement. How much net operating profit after taxes (NOPAT) does the firm have?
Sales
$1,800.00
Costs
1,400.00
Depreciation
250.00
EBIT
$ 150.00
Interest expense
70.00
EBT
$ 80.00
Taxes (25%)
20.00
Net income
$60.00
A. $101.53
B. $106.88
C. $112.50
D. $118.13
E. $124.03
Answer: C
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