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Net sales Cost of goods sold Other expenses Depreciation Earnings before interest and taxes (EBIT) Interest expenses Income before tax Taxes Net income Dividends 13,225 4,028 4,081 2,486 2,630 717 1,913 538 1,375 848 Start of Year Statement of Financial Position (millions of dollars) End of Year Assets: Cash and marketable securities 105 Receivables 2,350 Inventories 203 Other current assets 851 Total current assets 3,509 Net property, plant, and equipment 19,941 Other long-term assets 4,232 Total assets 27,682 Liabilities and shareholders' equity: Payables 2,580 Short-term debt 1,403 Other current liabilities 827 Total current liabilities 4,810 Long-term debt and leases 7,082 Other long-term liabilities Shareholders' equity 6,194 Total liabilities and shareholders equity 9,596 27,682 174 2,458 254 916 3,882 19,883 3,786 27,471 3,056 1,557 803 5,416 6,801 6,165 9,089 27,471 Phone Corp.'s cost of capital was 6.7%. 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

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