Help Save & Exit Submit Check my work OceanGate sells external hard drives for $280 each. Its total fixed costs are $40 million, and its variable costs per unit are $230. The corporate tax rate is 30%. If the economy is strong, the firm will sell 2 million drives, but if there is a recession, it will sell only half as many a. What will be the percentage decline in sales if the economy enters a recession? Percentage decline in sales b. What will be the percentage decline in profits if the economy enters a recession? Percentage decline in sales 83 % 11/13 and Windows Percentage decline in sales 83 % c. Comparing your answers to (a) and (b), how would you measure the operating leverage of this firm? Operating leverage band Windows