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A firm has EBIT = $4,800,000 and an interest charge of $750,000. If EBIT increases by 2%, the change in EPS is a. 2.15% b.

A firm has EBIT = $4,800,000 and an interest charge of $750,000. If EBIT increases by 2%, the change in EPS is

a. 2.15%

b. 4.29%

c. 2.37%

d. -2.37%

e. 0.00%

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