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Consider the following income statement: 8 Sales $ 930,648 Costs 605,472 Depreciation 137,700 Taxes 22% 10 points Calculate the EBIT. EBIT Calculate the net income.

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Consider the following income statement: 8 Sales $ 930,648 Costs 605,472 Depreciation 137,700 Taxes 22% 10 points 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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