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Parker & Little, Incorporated just finished up this year with operating income of $ 2 0 0 , 0 0 0 . The company's debt

Parker & Little, Incorporated just finished up this year with operating income of $200,000. The company's debt ratio is 0.25, its total assets equals $2,000,000, its overall tax rate is 40 percent, and it pays 7.0 percent annual interest on its debt. If the company were able to increase its operating income (EBIT) by 10 percent, what would be the percentage increase in net income?
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