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A firm believes that if their Earnings before Interest and Taxes increase by 2%, their net income will increase by 4%. What is their degree

A firm believes that if their Earnings before Interest and Taxes increase by 2%, their net income will increase by 4%. What is their degree of financial leverage?

Correctly show the formula for each calculation.

Clearly show your work for each calculation.

Make sure to clearly show the answer.

Please provide a Microsoft Excel, Access or Word table to show the values and calculations.

Reading handwriting can be difficult.

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