A firm has earnings before interest and tax of $1,000,000, interest of $200,000, and net income of $400,000 in Year 1. Required a. Calculate the degree of financial leverage in base year 1, b. If earning before interest and tax increase by 10% in year 2, What will be the new level of cunnings, assuming the same tax rate as in Year 1? C. If earning before increased and tax increase by 10% in year 2, What will be the new level of cunnings assuming the same tax rate as in Year 1? C. If earning before increased and tax decrease to $800,000 in Year 2, What will be the new level of earning, assuming the same tax rate as in Year 1