The following financial information was provided by Anya Company: Net Income      8,255,000.00 NOPAT    75,785,000.00 EBITDA  143,000,000.00 Net Profit Margin 6.00% Operating capital  425,070,000.00 After tax cost of capital 12.00% Tax rate 35.00%   Assuming the Company has no amortization expense, how much is its depreciation expense? Use 2 decimal places in your final answer

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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16. 

The following financial information was provided by Anya Company:

Net Income

     8,255,000.00

NOPAT

   75,785,000.00

EBITDA

 143,000,000.00

Net Profit Margin

6.00%

Operating capital

 425,070,000.00

After tax cost of capital

12.00%

Tax rate

35.00%

 

Assuming the Company has no amortization expense, how much is its depreciation expense? Use 2 decimal places in your final answer

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