By Using the Tax Shield Approach for Calculating Operating Cash

By using the tax shield approach for calculating operating cash flows we can:

A) Obtain more accurate results than with the customary methods.
B) More readily verify what cash flows would be without interest expenses.
C) More readily identify the tax benefits of debt financing.
D) More readily identify the tax benefits of depreciation.
E) Start with the bottom line, net income, and work backwards.