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Cobalt Industries had sales of 142,500 units at a price of $10.78 per unit. It faced fixed operating costs of $253,000 and variable operating costs of $5.37 per unit. The company is subject to a tax rate of 38% and has a weighted average cost of capital of 8.7%. 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.) Cobalt's NOPAT is $. (Round to the nearest dollar.)

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