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Parker Investments has EBIT of $ 19,300, interest expense of $ 3,020, and preferred dividends of $ 4,000. If it pays taxes at a rate
Parker Investments has EBIT of $ 19,300, interest expense of $ 3,020, and preferred dividends of $ 4,000. If it pays taxes at a rate of 38 %, what is Parker's degree of financial leverage (DFL) at a base level of EBIT of $ 19,300?
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