Marketing Worldwide Corp (MWWC)

[Snomm]

I am an accountant and your formula is correct albeit the tax rate may be off for multiple reasons and 2013 is suppose to have a tax hike with an approximate 4.6% tax increase on the upper echelon of businesses making enough money to be in the 35% tax bracket this year. i.e. (35% taxes this year become 39.6%) so the NOLs may be worth more.
Either way, this means the company will be keeping more of their profits for themselves :)