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Consider the following income statement: Sales $ 784,664 Costs 510,496 Depreciation 116,100 Taxes 33 % Required: (a ) Calculate the EBIT. (b ) Calculate the

Consider the following income statement: Sales $ 784,664 Costs 510,496 Depreciation 116,100 Taxes 33 % 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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