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please provide correct and complete answer 7. A firm has sales of 10,00,000, variable cost of 7,00,000 and fixed cost of 2,00,000. The company has

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please provide correct and complete answer

7. A firm has sales of 10,00,000, variable cost of 7,00,000 and fixed cost of 2,00,000. The company has debt capital of 3,00,000 at 10% rate of interest. Compute operating, financial and combined leverages. If the firm wants to double its earnings before interest and tax (EBIT), how much rise in sales would be required? 10

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