Question 1: What is the Net Operating Profit after Taxes (NOPAT) for the year? Conceptually how does Net Operating Profit after Taxes compare to Net Income, specifically why might some firms prefer one measure over the other when assessing firm performance? Round your answer to the nearest cent.

On january 1, year 1, purl corp. purchased as a long-term investment $500,000 face amount of shaw, inc.’s 8% bonds for $456,200. the bonds were purchased to yield 10% interest. the bonds mature on january 1, year 6, and pay interest annually on january 1. purl uses the effective interest method of amortization. what amount (rounded to nearest $100) should purl report on its december 31, year 2, balance sheet for these held-to-maturity bonds?