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Here are simplified financial statements of phone corporation from a recent year. Income Statement (millions of dollars) Net sales Cost of goods sold Other expenses Depreciation Earnings before interent and taxes (EBIT) Interest expenses Income before tax Taxes Net Income Dividends 13,211 4,042 4,067 2.500 2,602 703 1,899 552 1,347 847 statement of Financial Position (millions of dollars) End of Year Start of Year Assets: Cash and marketable securities Receivables Inventories Other current assets Total current assets Net property, plant, and equipment Other long-term assets Total assets Liabilities and shareholders' equity: Payables Short-term debt Other current liabilities Total current liabilities Long-term debt and leases Other long-term liabilities Shareholders' equity Total liabilities and shareholders' equity 98 2,364 196 858 3,516 19,955 4,225 27,696 167 2,472 247 923 3,809 19,897 3.779 27,485 2,573 1,410 820 4,803 7,054 6.187 9.652 27,596 3,049 1,564 796 5, 409 6,815 6,158 9,103 27,485 Phone Corp's cost of capital was 74%. Estimate the tax rate (taxes/income before taxes) and calculate net operating profit after taxes. (Round your intermediate calculations and final answers to 2 decimal places. Enter your answer for NOPAT in millions of dollars.) Phone Corp's cost of capital was 74%. Estimate the tax rate (taxes/income before taxes) and calculate net operating profit after taxes (Round your intermediate calculations and final answers to 2 decimal places. Enter your answer for NOPAT In millions of dollars.) Estimated tax rate NOPAT What was Phone Corp's economic value added? (Round your intermediate calculations and final answer to 2 decimal places. Enter your answer in millions of dollars.) EVA

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