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Last year, Cayman Corporation had sales of $ 6 , 5 7 4 , 5 9 9 , total variable costs of $ 2 ,

Last year, Cayman Corporation had sales of $6,574,599, total
variable costs of $2,614,247, and total fixed costs of $1,512,327.
In addition, they paid $480,000 in interest to bondholders. Cayman
has a 21% marginal tax rate. If Cayman's sales increase 7%, what
should be the increase in earnings per share? SET YOUR
CALCULATOR TO 4 DECIMAL PLACES. ROUND TO 2 DECIMAL PLACES AT
THE END. DO NOT ENTER THE % SIGN. FOR EXAMPLE, IF YOUR
ANSWER IS 9.4567, ENTER IT AS 9.46.

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