Question: When computing the adjusted cash flow from assets, the tax amount is calculated as: EBT(TC). ( EBT - Depreciation) (TC). ( EBIT + Depreciation -

When computing the adjusted cash flow from assets, the tax amount is calculated as: EBT(TC). ( EBT - Depreciation) (TC). ( EBIT + Depreciation - Change in NWC - Capital spending)(TC. EBIT(TC). (EBIT - Depreciation - Change in NWC - Capital spending)(TC)

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