I Need help calculating the NOPAT on this document I need a full break of what numbers to use to correct my calculations.

C34 X V & Mary Washington Pediatrics (financial figures in thousands of US dollars) Actual Forecast Forecast Forecast Forecast Forecast Forecast Forecast 2016 2017 2018 2019 2020 2021 2022 2023 Revenue growth 0.5% 3.0% 5.0% 5.0% 5.0% 3.0% 3.0% 2.0% 7 Operating expenses / Revenue 57.4% 57.4% 57.0% 56.5% 56.0% 54.0% 53.0% 53.0% Net working capital 315.9 272.1 214.2 176.5 181.9 185.5 189.2 193.0 Net equipment 326.3 375.1 415.1 455.1 475.1 498.2 484.2 464.6 Depreciation 10.4 14.0 20.0 28.0 37.0 42.0 42.9 42.9 expenditures 4_1 62.8 60.0 68.0 57.0 65.1 28.9 23.3 Net revenue 1,602 1,682 1766 1,854 1,910 1,967 2,007 Operating expenses 920 959 938 1,038 1,031 1,043 1,064 Depreciation 14 20 28 37 42 43 43 |Physician salary 500 525 551 579 596 614 626 Operating profit 155.0 168 178 189 200 240 268 274 Change in working capital 13.8 57.9 37.7 -54 -3.6 -3.7 -3.8 19 DCF Valuation: 20 Assumptions: 21 Discount rate 9.00% 22 Tak rate 32.00% |Terminal growth rate (expected inflation) 1.50% 24 Warranted EBIT multiple at terminal date 10.5 25 Net working capital (NWC) turnover 4.9 10.0 26 Equipment turnover 4.8 43 4.7 10 2 10 3 10.4 3.9 3.9 36 41 45 27 28 2 4 5 29 2017 2018 2019 2020 2021 2022 2023 30 NOPAT 131 Depreciation 14.0 20.0 28.0 37.0 42.0 42.9 42.9 32 Capital expenditures 62.8 60.0 68.0 57.0 65.1 28.9 23.3 Investment in NWC Free Cash Flow EXh T Exh 2 Exh 3 DCF_Valuation a 99+