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Consider the following income statement: Sales $ 1,076,632 Costs 700,448 Depreciation 159,300 Taxes 24 % 1. Calculate the EBIT = 2. Calculate the net income

Consider the following income statement:


Sales	$ 1,076,632
Costs	700,448
Depreciation	159,300
Taxes	24 %

1. Calculate the EBIT =

2. Calculate the net income =

3. Calculate the OCF. =

4. What is the depreciation tax shield? =

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