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Last year, Neptune Corporation had sales of $767,000 and paid tawes of 84.000, Because of the low interest rate environment, the firm abo borrowed some

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Last year, Neptune Corporation had sales of $767,000 and paid tawes of 84.000, Because of the low interest rate environment, the firm abo borrowed some money from the local bank and paid $31,000 in interest expense. In addition, the firm incurred Variable costs and Fixed Costs of $151,000 and $247.000 respectively, if operating income increases by 7%, what should be the increase in earnings per share? SET YOUR CALCULATOR TO 4 DECIMAL PLACES AND ROUND TO 2 DECIMAL PLACES AT THE END. DO NOT ENTER THE % SIGN. IF YOUR ANSWER IS 7.7011%. FOR EXAMPLE, ENTER 7.70

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