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Krypton Engineering expects to have net profit next year of $28.18 million and free cash flow of $22.18 million. Krypton's marginal corporate tax rate is
Krypton Engineering expects to have net profit next year of $28.18 million and free cash flow of $22.18 million. Krypton's marginal corporate tax rate is 40%. a. If Krypton increases leverage so that its interest expense rises by $8.1 million, how will its net profit change? b. For the same increase in interest expense, how will free cash flow change
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