A company reported the following information for its recent fiscal year:

Sales: $91.8 billion

Cost of Goods Sold: $56.6 billion

SG&A: $5.2 billion

Net Income: $22.2 billion

The company reported depreciation and amortization expense of $2.8 billion on its statement of cash flows for the most recent fiscal year.

Assume that 75% of SG&A represents fixed costs.

Using the method from class notes for Module 11, what is the percentage change in net income if sales decrease by 10%?

-10.00%

-11.25%

-13.00%

-16.50%