please answer b and c if possible
Financial leverage Max Small has outstanding school loans that require a monthly payment of $1,020 the needs to buy a new car for work and estimates that this purchase will add $365 per month obligations Max will have $3.070 available after meeting all of his monthly living (operating) expenses This amount could vary by plus or min 9% a. To assess the potential impact of the additional borowing o in financial leverage, calculate the OFI, in tabular form for both the current and proposed loan payments uning Max's oralable $3.070 b. Can Max afford the additional loan payment? c. Should Max take on the additional loan payment? -CID a. To assess the potential impact of the additional bonowing on his financial leverage calculate the DFL in tabular form for both the current and proposed kan payments using Max's available 53.670 as a base and a 9% change Complete the table below to compute the curent DFL (Round to the nearest dollar and the percentage change to one decimal place) Available for making loan payments $ Less Existing monthly loan payments S Available after an payments S ming monthly a base and a change Current DFL +9% Financial leverage Max Small has outstanding school loans that require a monthly payment of $1,020. He needs to buy a new car for work and estimates that this purchase will add $348 per month to his existing monthly obligations. Max will have $3,070 available after meeting all of his monthly living (operating) expenses. This amount could vary by plus or minus 9% a. To assess the potential impact of the additional borrowing on his financial leverage, calculate the DFL in tabular form for both the current and proposed loan payments using Max's available $3,070 as a base and a 9% change. b. Can Max afford the additional loan payment? c. Should Max take on the additional loan payment? GITTE a. To assess the potential impact of the additional borrowing on his financial leverage, calculate the DFL in tabular form for both the current and proposed loan payments using Max's available $3.070 as a base and a 9% change. Complete the table below to compute the current DFL (Round to the nearest dollar and the percentage change to one decimal place.)