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Kiwi Airlines has fixed operating costs of $ 3 million, and its variable costs amount to 2 3 percent of sales revenue. The firm has
Kiwi Airlines has fixed operating costs of $ million, and its variable costs amount to percent of sales revenue. The firm has $ million in bonds outstanding with a coupon interest rate of percent. Revenues for the firm are $ million and the firm is in the percent corporate income tax bracket. What is the firm's degree of operating leverage?
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