Which of the following statements is true? I) The reason why Depreciation is added to (after-tax) EBIT when calculating Free Cash Flow to the firm is because EBIT is calculated after deducting Depreciation even though Depreciation is an accounting charge, not an actual cash flow. 2) Look at the following spreadsheets from the Ideko case. The reason why Taxes on the second line of Table 19.10 is different from Income Tax on the 13th line of Table 19.7 is because the latter does not include the effect of double taxation of corporate income (shareholders being personally taxed when corporations distribute dividends). I only. II only