when 80c = $1.20, page-34

I wasn't refering to any specific company with 15 years in my previous example. I was using it as an example to illustrate the point that you would have to pay interest over a particular timeframe for your EV.
You are correct is saying that D&A are not cashflow in a SPECIFIC year, but eventually, they are costs, as plant and other capital need to be replaced, even though they are tax deductable over their life. Some businesses require more of this than others. Therfore, I feel that it is good to take this in to account.