Computing residual operating income

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Computing Residual Operating Income (ROPI)

Home Depot reports net operating profit after tax (NOPAT) of $12,073 million for the fiscal year ended February 3, 2019. Its net operating assets at the beginning of the fiscal year are $24,887 million.

Assuming a 7.85% weighted average cost of capital (WACC), what is Home Depot's residual operating income for the fiscal year ended February 3, 2019?

Round answer to the nearest million.

Reference no: EM133112129

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