It is December 31. Last year, Western Gas & Electric Company (WGEC) had sales of $16,000,000, and it forecasts that next year's sales will be $16,640,000. Its fixed costs have been and are expected to continue to be $1,200,000, and its variable cost ratio is 40.00%. WGEC's capital structure consists of a $13.5 million bank loan, on which it pays an interest rate of 6%, and 300,000 shares of common equity. The company's profits are taxed at a marginal rate of 35%. Given this data, complete the following sentences: The percentage change in the company's sales is The percentage change in EBIT is The degree of operating leverage (DOL) at $16,640,000 is. There are several ways to use and interpret a firm's DOL value. Consider the following statement and indicate whether it accurately reflects the meaning or an use of a firm's DOL value. Activities that change the distribution of a firm's fixed and variable cost structures, such as outsourcing, will affect a firm's DOL. True or False: This statement accurately describes a firm's DOL. O True False