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    What Is the Formula for the Tax-Shield Approach to OCF
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What Is the Formula for the Tax-Shield Approach to OCF

Question 97

Question 97

Essay

What is the formula for the tax-shield approach to OCF?
Explain the two key points the formula illustrates.

Correct Answer:

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OCF = (Sales - Costs)× (1 - T)+ Deprecia...

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