Midend Inc. is expanding its offerings by taking on a project that will increase its EBIT to $70,000 next year. The firm's fixed cost cash expenditures will increase to $40,000 and the depreciation and amortization costs will go up to $20,000 as well. If the firm's revenues increase by 12% as a result of this project, its EBIT will:

a. increase by 10%.

b. increase by 1.86%.

c. increase by 22.29%.

d. increase by 18.6%.

Midend Inc, is expanding its offerings by taking on a project that will increase its EBIT to $70,000 next year. The firm's fixed cost cash expenditures will increase to $40,000 and the depreciation and amortization costs will go up to $20,000 as well. If the firm's revenues increase by 12% as a result of this project, its EBIT will: increase by 10%. increase by 1.86%. increase by 22.29%. increase by 18,6%