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Consider the following income statement: Sales $ 985,392 Costs 641,088 Depreciation 145,800 Taxes 22 % Calculate the EBIT. Calculate the net income. Calculate the OCF.

Consider the following income statement:

Sales $ 985,392

Costs 641,088

Depreciation 145,800

Taxes 22 %

Calculate the EBIT.

Calculate the net income.

Calculate the OCF.

What is the depreciation tax shield?

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