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Lincoln Lodging Inc. estimates that if its sales increase 10.00% then its net income will increase 23.00%. The company's EBIT equals $2.9 million, and its
Lincoln Lodging Inc. estimates that if its sales increase 10.00% then its net income will increase 23.00%. The company's EBIT equals $2.9 million, and its interest expense is $900,000. The company's operating costs include fixed and variable costs. What is the level of the company's fixed operating costs? Do not round intermediate calculations. Oa. $2,600,000 b. $800,000 c. $2,870,000 d. $1,700,000 e. $1,305,000
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