Financial leverage Max Small has outstanding school loans that require a monthly payment of $1,070. He needs to buy a new car for work and estimates that this purchase will add $353 per month to his existing monthly obligations. Max will have $3,070 available after meeting all of his monthly living (operating) expenses. This amount could vary by plus or minus 10%. a. To assess the potential impact of the additional borrowing on his financial leverage, calculate the DFL in tabular form for both the current and proposed loan payments using Max's available $3,070 as a base and a 10% change. b. Can Max afford the additional loan payment? c. Should Max take on the additional loan payment? a. To assess the potential impact of the additional borrowing on his financial leverage, calculate the DFL in tabular form for both the current and proposed loan payments using Max's available $3,070 as a base and a 10% change. Complete the table below to compute the current DFL: (Round to the nearest dollar and the percentage change to one decimal place.) Current DFL $ +10% $ Available for making loan payments Less: Existing monthly loan payments $ $ Available after loan payments $ % $ Financial leverage Max Small has outstanding school loans that require a monthly payment of $1,070. He needs to buy a new car for work and estimates that this purchase will add $353 per month to his existing monthly obligations. Max will have $3,070 available after meeting all of his monthly living (operating) expenses. This amount could vary by plus or minus 10%. a. To assess the potential impact of the additional borrowing on his financial leverage, calculate the DFL in tabular form for both the current and proposed loan payments using Max's available $3,070 as a base and a 10% change. b. Can Max afford the additional loan payment? c. Should Max take on the additional loan payment? a. To assess the potential impact of the additional borrowing on his financial leverage, calculate the DFL in tabular form for both the current and proposed loan payments using Max's available $3,070 as a base and a 10% change. Complete the table below to compute the current DFL: (Round to the nearest dollar and the percentage change to one decimal place.) Current DFL $ +10% $ Available for making loan payments Less: Existing monthly loan payments $ $ Available after loan payments $ % $