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Consider the following income statement: Sales $ 1,094,880 Costs 712,320 Depreciation 162,000 Taxes 24 % 1) Calculate the EBIT. 2) Calculate the net income. 3)

Consider the following income statement:

Sales $ 1,094,880

Costs 712,320

Depreciation 162,000

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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