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Office Min has $154,000 in accounts payable, $208,000 in 12% notes payable, and $650,000 of 7% long-term bonds outstanding. The company does not have any

image text in transcribed Office Min has $154,000 in accounts payable, $208,000 in 12% notes payable, and $650,000 of 7% long-term bonds outstanding. The company does not have any preferred stock and its marginal tax rate is 21%. Part 1 Attempt 1/10 for 10 pts What are EBIT at the financial breakeven point? Part 2 Attempt 1/10 for 10pts. What is the degree of financial leverage at an EBIT of $400,000

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