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Grommit Engineering expects to have net income next year of $ 2 1 . 0 4 million and free cash flow of $ 1 0
Grommit Engineering expects to have net income next year of $ million and free cash flow of $ million. Grommit's marginal corporate tax rate is
a If Grommit increases leverage so that its interest expense rises by $million how will net income change?
b For the same increase in interest expense, how will free cash flow change?
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