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Intro Office Min has $154,000 in accounts payable, $256,000 in 9% notes payable, and $650,000 of 7% long-term bonds outstanding. The company does not have

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Intro Office Min has $154,000 in accounts payable, $256,000 in 9% notes payable, and $650,000 of 7% long-term bonds outstanding. The company does not have any preferred stock and its marginal tax rate is 21%. Part 1 1* Attempt 4/10 for 10 pts. What are EBIT at the financial breakeven point? Part 2 Attempt 1/10 for 10 pts. What is the degree of financial leverage at an EBIT of $400,000

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