Please just answer question C

Arnold Vimka is a venture capitalist facing two alternative investment opportunities. He intends to invest $1,000,000 in a start-up firm. He is nervous, however, about future economic volatility. He asks you to analyze the following financial data for the past year's operations of the two firms he is considering and give him some business advice. Variable cost per unit (a) Sales revenue (8,300 units X $28.00) Variable cost (8,300 units X a) Contribution margin Fixed cost Company Name Larson Benson $ 19.00 $ 9.50 $ 232,400 $ 232,400 (157,700) (78,850) $ 74,700 $ 153,550 (24,200) (103,050) $ 50,500 $ 50,500 Net income Required a. Use the contribution margin approach to compute the operating leverage for each firm. b. If the economy expands in coming years, Larson and Benson will both enjoy a 12 percent per year increase in sales, assuming that the selling price remains unchanged. Compute the change in net income for each firm in dollar amount and in percentage. (Note: Since the number of units increases, both revenue and variable cost will increase.) c. If the economy contracts in coming years, Larson and Benson will both suffer a 12 percent decrease in sales volume, assuming that the selling price remains unchanged. Compute the change in net income for each firm in dollar amount and in percentage. (Note: Since the number of units decreases, both total revenue and total variable cost will decrease.) & Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Required C If the economy contracts in coming years, Larson and Benson will both suffer a 12 percent decrease in sales volume, assuming that the selling price remains unchanged. Compute the change in net income for each firm in dollar amount and in percentage. (Note: Since the number of units decreases, both total revenue and total variable cost will decrease.) (Negative values should be indicated with a minus sign. Round "Percentage change to 2 decimal places.) Show less Company Name Larson Benson Variable cost per unit $ 19.00 $ 9.50 Sales revenue 204,512 204,512 138,776 Variable cost 69,388 Contribution margin 65,736 135,124 Fixed cost 24,200 X 103,050 Net income $ 41,536 $ 32,074 Percentage change (17.17) % (36.49) %