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Local Co. has sales of $10.2 million and cost of sales of $5.6 million. Its selling, general and administrative expenses are $480,000 and its research

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Local Co. has sales of $10.2 million and cost of sales of $5.6 million. Its selling, general and administrative expenses are $480,000 and its research and development is $1.2 million. It has annual depreciation charges of $1.2 million and a tax rate of 35%. Local's gross margin is 45.10%, its operating margin is 16.86%, and its net profit margin is 10.96%. If Local Co. had interest expense of $900,000, how would that affect each of its margins? TE Local's new gross margin is%, new operating margin is%, and new net profit margin is %. (Round to two decimal places.)

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