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Fill in the missing numbers for the following income statement. (Do not round intermediate calculations.) Sales $ Costs 666,800 429,200 102,800 Depreciation EBIT Taxes (21%)

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Fill in the missing numbers for the following income statement. (Do not round intermediate calculations.) Sales $ Costs 666,800 429,200 102,800 Depreciation EBIT Taxes (21%) Net income b. Calculate the OCF. (Do not round intermediate calculations.) What is the depreciation tax shield? (Do not round intermediate calculations.) c. b. OCF C. Depreciation tax shield Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.43 million. The fixed asset will be depreciated straight- line to zero over its three-year tax life, after which time it will be worthless. The project is estimated to generate $1,693,000 in annual sales, with costs of $657,000. If the tax rate is 22 percent, what is the OCF for this project? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) OCF

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