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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 $ million, total variable costs of $ million, and total fixed costs of $ In addition, they paid $ million in interest to bondholders. Cayman has a marginal tax rate of percent. If Cayman's sales increase by what should be the increase in operating income?should be a percentage
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