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. If a firms annual net revenue is $39 mil., its annual variable costs are $28 mil., annual fixed costs are $5 mil., annual interest
. If a firms annual net revenue is $39 mil., its annual variable costs are $28 mil., annual fixed costs are $5 mil., annual interest expense is $2.5 mil., tax rate = 21%. Whats the degree of total leverage? Explain the implication of this result in one sentence.
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