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Last year, Cayman Corporation had sales of $ 3 0 million, total variable costs of $ 1 5 million, and total fixed costs of $

Last year, Cayman Corporation had sales of $30 million, total variable costs of $15 million, and total fixed costs of $5,000,000. In addition, they paid $4 million in interest to bondholders. Cayman has a marginal tax rate of 21 percent. If Cayman's sales increase by 15%, what should be the increase in operating income?(should be a percentage)

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