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Consider the following income statement: Sales $821,160 Costs $534,240 Depreciation $121,500 Taxes 33 % Required: (a ) Calculate the EBIT. (b ) Calculate the net

Consider the following income statement:

Sales $821,160

Costs $534,240

Depreciation $121,500

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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