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

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter6: Accounting For Financial Management
Section: Chapter Questions
Problem 10P: The Moore Corporation has operating income (EBIT) of 750,000. The companys depreciation expense is...
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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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