Cobalt Industries had sales of 143,600 units at a price of $9.54 per unit. It faced fixed operating costs of $243,000 and variable operating costs of $5.43 per unit. The company is subject to a tax rate of 38% and has a weighted average cost of capital of 8.5%.
Calculate? Cobalt's net operating profits after taxes (NOPAT?), and use it to estimate the value of the firm.? (Assume the? firm's earnings are not? growing.) (Round to the nearest dollar)