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Consider the following income statement: Sales $ 729,920 Costs 474,880 Depreciation 108,000 Taxes 34 % (a ) Calculate the EBIT. (b ) Calculate the net
| Consider the following income statement: |
| Sales | $ 729,920 | ||
| Costs | 474,880 | ||
| Depreciation | 108,000 | ||
| Taxes | 34 % | ||
(a ) Calculate the EBIT.
(b ) Calculate the net income.
(c ) Calculate the OCF.
(d ) What is the depreciation tax shield?
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