A manufacturer is producing three products as per the details given below: Variables Product W Product M Product D Output (units) 5,00,000 1,40,000 6,00,000 Fixed cost (Rs) 6,00,000 12,00,000 14,00,000 Variable cost (Rs/unit) 40 140 28 Interest paid (Rs) 50,000 1,20,000 - Sale price (Rs/unit) 60 160 30 The firm is subject to 25% rate of income tax. a) What are the operating, financial and combined leverages of each product? b) Using the concept of Financial Leverage, by what percentage should EBIT increase if there is a 20 per cent increase in earnings per share from Product M? Verify the result? c) At what level of sales volume will the EBT of the product W equal to zero? d) Using the concept of Operating Leverage, by what percentage will EBIT increase if there is a 10 per cent increase in units sold of Product D? Verify the re