Problem:
Feidler, Inc. is analyzing a new product. The estimated sales for the first year are 185 units at a price of $162 a unit. The fixed costs for the year are $4,870 and the variable cost per unit is $108. The depreciation expense is $4,300 and the tax rate is 35 percent.
Required:
Question: What is the (NOPAT) for the first year of the project?
Note: Explain all calculation and formulas.