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Corporation has sales revenue of $50,000,000. The conpany's fixed costs total $17,000,000, its variable costs are 28 percent of sales, its interest expense is $2,000,000.
Corporation has sales revenue of $50,000,000. The conpany's fixed costs total $17,000,000, its variable costs are 28 percent of sales, its interest expense is $2,000,000. if the company wants to increase its EPS by 15%, how much will it need to increase its sales revenue?
a. 7.08%
b. 13.42%
c. 7.92%
d. 8.67%
e. 11.52%
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