Local Co. has sales of $10.7 million and cost of sales of $5.7 million. Its selling, general and administrative expenses are$500,000 and its research and development is $1.3 million. It has annual depreciation charges of $1.3 million and a tax rate of35% . Local's gross margin is 46.73%, its operating margin is 17.76 %, and its net profit margin is 11.54%. If Local Co. had interest expense of $900,000 how would that affect each of its margins? Question content area bottom Part 1 Local's new gross margin is enter your response here%, new operating margin is enter your response here%, and new net profit margin is enter your response here%. (Round to two decimal places.)