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It is December 31. Last year, Praxis Corporation had sales of $9,000,000, and it forecasts that next year's sales will be $11,5 60,000. Its fixed

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It is December 31. Last year, Praxis Corporation had sales of $9,000,000, and it forecasts that next year's sales will be $11,5 60,000. Its fixed costs have been and are expected to continue to be $600,000, and its variable cost ratio is 40.00%. Praxis's capital structure consists of a $12.0 million bank loan, on which it pays an interest rate of 6%, and 400,000 shares of common equity. The company's profits are taxed at a marginal rate of 40%, Given this data, complete the following sentences: (round to 2 decimal places) The percentage change in the company's sales is The percentage change in EBIT is The degree of operating leverage at $8,560,000 is

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