Consider the following income statement for Chocoholics Ananymous Sales Fixed & Variable Costs Depreciation Taxes Dividends $ 565,688 $368,032 $ 83,700 35 % $50,000 Required: (a ) Calculate the EBIT (Click to select) (b)Calculate the net income. Recall that in this chapter the interest expense is assumed to be zero (projects are financed with equity) (Click to select) (c) Calculate the OCE (Click to select) (d)What is the depreciation tax shield? That is, how much money does the depreciation save the company each year? (Click to select) Required: (a ) Calculate the EBIT. (b ) ( (Click to select) 113,956 119,654 117,375 108,258 110,537 ne. Recall that with equity). (b )Calculate the net income. Recall that in this chapter the interest expense is assumed to be zero (projects are financed with equity). (c) Click to select 70,367 76,293 71,849 74,071 77,775 (c) Calculate the OCF. (d) (Click to selech 157,771 165,660 74,071 237,541 149,882 on tax shield? That i C (d) What is the depreciation tax shield? That is, how much money does the depreciation save the company each year? (Click to selec 83,700 27,830 28,416 29,295 30,760