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Consider the following income statement: Sales $ 985,392 Costs 641,088 Depreciation 145,800 Taxes 32 % Required: (a ) Calculate the EBIT. (b ) Calculate the

Consider the following income statement:

Sales $ 985,392 Costs 641,088 Depreciation 145,800 Taxes 32 %

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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