$(c)$ Compute net operating assets $(NOA)$ for $2016$ and explain computations $in$ detail. Note, for the balance sheet items $of$ Cisco Systems, non$-$operating assets include cash and cash equivalents, and investments. Non$-$operating liabilities include short$-$term debt and long$-$term debt.

$(d)$ Compute net operating profit after tax $(NOPAT)$ for $2016,$ assuming a federal and state statutory tax rate $of37\%,$ and explain the computations $in$ detail. $(Round$ your answer $to$ the nearest whole number.$)$

$(e)$ Forecast Cisco's sales, NOPAT, and NOA for years $2017$ through $2020$ and the terminal period using the following assumptions:

Sales growth $20179\%$

Sales growth $20187\%$

Sales growth $20195\%$

Sales growth $20204\%$

Terminal growth $1\%$

Net operating profit margin $2016$ rate rounded $to$ three decimal places

Net operating asset turnover $2016$ rate rounded $to$ three decimal places