9.. Precision springs ltd.sells springs at one price, Rs. 10 each. The firm has variable costs of Rs. 160,000 on sales of 32,000 springs. Fixed costs are Rs.80,000. Operating income (EBIT) this year is Rs.80,000 and after-tax nct income is Rs.30.000. Interest expense is Rs.20,000. a. What is its degree of financial levcrage at the current level of EBIT? b. Suppose that EBIT were to decline 10 percent next year. What would be the percentage decline in carnings per share (EPS)