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Requirement 1: Fill in the missing numbers in the following income statement (Do not include the dollar signs ($)): Sales $ 645,500 Costs 347,000 Depreciation

Requirement 1: Fill in the missing numbers in the following income statement (Do not include the dollar signs ($)):

Sales $ 645,500

Costs 347,000

Depreciation 97,700

EBIT : ?

Taxes(40%) :?

Net Income: ?

Requirement 2: Calculate the OCF

Requirement 3: What is the depreciation tax shield?

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