From the information below Debt = $36,000,000 Interest rate of debt = 9% Fixed cost = $4,800,000 Fixed cost Variable cost = 1:7 Equity Debt = 11:9 Debt/Sale = 0.6 You are being asked to complete these tasks: (a) Produce an Income Statement (3 marks) (b) State reason(s) as to why the financial leverage is promising or not (1 mark) (c) Establish the return on investment (1 mark) (d) State, giving reasons if the asset leverage is high or low given that the industry average for assets turnover is 9. (1 mark) (e) Calculate the resulting EBIT if Debt Sales were increased to 0.9. (2 marks)