Multiple Choice
Last year a firm had sales of $200,000. Its cost of goods sold was $75,000, and administrative and marketing expenses were $25,000 each. Depreciation expense was $10,000, while interest expense was $15,000. If the tax rate is 30%, what was the firm's NOPAT last year?
A) $19,500
B) $35,000
C) $45,500
D) $52,500
E) $80,500
Correct Answer:
Verified
Correct Answer:
Verified
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