Edwards Electronics Recently Reported $11,250 of Sales, $5,500 of Operating

Multiple Choice

Edwards Electronics recently reported $11,250 of sales, $5,500 of operating costs other than depreciation, and $1,250 of depreciation.The company had no amortization charges, it had $3,500 of bonds that carry a 6.25% interest rate, and its federal-plus-state income tax rate was 25%.How much was its net operating profit after taxes (NOPAT) ?

A) $2,748.96
B) $2,893.64
C) $3,045.94
D) $3,206.25
E) $3,375.00