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Consider following data for creating pro-forma income statement for project ABC. Sales $817,771 Costs $355,565 Depreciation $77,555 Interest Expense $0 Marginal Tax Rate 31 percent
Consider following data for creating pro-forma income statement for project ABC.
Sales $817,771
Costs $355,565
Depreciation $77,555
Interest Expense $0
Marginal Tax Rate 31 percent
Based on the data above, depreciation tax-shield makes up _______% of the Operating Cash Flow (OCF) for project ABC.
(Do NOT include the % sign or any other text. Enter your answer as a percent rounded to 2 decimal places, e.g. 12.13)
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