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Fly by Night Aviation (FBNA) expects to have net income next year of $24 million and interest expense of $3 million. FBNA's corporate tax rate
Fly by Night Aviation (FBNA) expects to have net income next year of $24 million and interest expense of $3 million. FBNA's corporate tax rate is 21%. IF FBNA increases leverage so that its interest expense rises by $1 million, then the amount its net income will change is closest to $______.
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400,000
800,000
-800,000
-400,000
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