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EBIT goes from $30M to $33M; Depreciation goes from $10M to $12M; and interest expense goes from $6 M to $8M. What is the approximate

EBIT goes from $30M to $33M; Depreciation goes from $10M to $12M; and interest expense goes from $6 M to $8M. What is the approximate percent change in the cash coverage ratio?

A. -16%

B. 16%

C. 21%

D. -21%

***Please choose A, B, C, or D and show the work. Thank you!

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