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Consider the following income statement: Sales $ 529,192 Costs 344,288 Depreciation 78,300 Taxes 34 % Required: (a ) Calculate the EBIT. (b ) Calculate the

Consider the following income statement:


Sales	$ 529,192
Costs	344,288
Depreciation	78,300
Taxes	34 %

Required:
(a )	Calculate the EBIT.

(b )	Calculate the net income.

(c )	Calculate the OCF.

(d )	What is the depreciation tax shield?

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