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DUMBA Inc. has fixed operating costs of $2.6 million and its variable cost ratio is .30. It has $4 million in bonds outstanding with a
DUMBA Inc. has fixed operating costs of $2.6 million and its variable cost ratio is .30. It has $4 million in bonds outstanding with a coupon rate of 12%. It has 1 million shares of $1.75 preferred stock and 1 million shares of common stock outstanding. DUMBA has a 40% tax rate, and sales are $14.2 million. What is DUMBA's DCL
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