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Krypton Engineering expects to have net profit next year of $26.66 million and free cash flow of $22.43 million. Krypton's marginal corporate tax rate is
Krypton Engineering expects to have net profit next year of $26.66 million and free cash flow of $22.43 million. Krypton's marginal corporate tax rate is 40%.
If Krypton increases leverage so that its interest expense rises by $4.7 million, how will its net profit change? (Round to two decimal places.)
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