Problem:
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 (40%) 32.00
Net Income $ 48.00
Explain in detail and show all calculation.