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Answer is E but don't know how to get there. please show all steps and calculations so I can fully understand how to solve. thank

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Answer is E but don't know how to get there. please show all steps and calculations so I can fully understand how to solve. thank you

23. Lombardo Company had net income of $70,000 and interest expense of $10,000. If the corporate tax rate was 30%, determine its Degree of Financial Leverage (DFL) A. 1.30 B. 1.25 C. I 20 D. 1.15 E 1.10

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