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Consider the following income statement:

Sales	$ 930,648
Costs	605,472
Depreciation	137,700
Taxes	32 %

Required:
(a )	Calculate the EBIT.
	178,102 181,852 187,476 196,850 193,100

(b )	Calculate the net income.
	131,309 123,659 127,484 133,858 121,110

(c )	Calculate the OCF.
	127,484 265,184 385,168 278,443 251,925

(d )	What is the depreciation tax shield?
	41,861 44,064 42,742 137,700 46,267