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helpp Last year, Cayman Corporation had sales of $6,772,712, total variable costs of $2,675,741, and total fixed costs of $1,535,609. In addition, they paid $480,000
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Last year, Cayman Corporation had sales of $6,772,712, total variable costs of $2,675,741, and total fixed costs of $1,535,609. In addition, they paid $480,000 in interest to bondholders. Cayman has a 21% marginal tax rate. If Cayman's sales increase 9%, what should be the increase in earnings per share? SET YOUR CALCULATOR TO 4 DECIMAL PLACES. ROUND TO 2 DECIMAL PLACES AT THE END. DO NOT ENTER THE \% SIGN. FOR EXAMPLE, IF YOUR ANSWER IS 9.4567 , ENTER IT AS 9.46 Step by Step Solution
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