25 25 Morgan Corporation has sales revenue of $32,000,000. The company's fixed costs total $7,000,000, its variable costs are 30 percent of sales, and its interest expense is $700,000. If the company wants to increase its EPS by 38%, how much will it need to increase its Sales? a. 36.14percent b. 26.12 percent C. 24.94 percent S -VC 32000000 (9600000) e. d. 55.27 percent 57.90 percent CM 22400000 -FC (7000000) EBIT 15400000 I (700000) EBT 14700000 page 10 71 114.25