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3 Consider the following income statement: Sales $ 620,432 Costs 403,648 Depreciation 91,800 Taxes 23% eBook References Calculate the EBIT. EBIT Calculate the net income.

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3 Consider the following income statement: Sales $ 620,432 Costs 403,648 Depreciation 91,800 Taxes 23% eBook References Calculate the EBIT. EBIT Calculate the net income. Net income Calculate the OCF. OCF What is the depreciation tax shield? Depreciation tax shield

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