Which of the following are correct methods of computing the operating cash flow of a project assuming that the interest expense is equal to zero?
I. EBIT + Depreciation − Taxes
II. EBIT − Depreciation + Taxes
III. Net Income − Depreciation
IV. [(Sales − Costs) × (1 − Tax rate)] + [Depreciation × Tax rate]
O I, III, and IV only
O II and III only
O II and IV only
O I and IV only
O I and III only