Selling Price $70 $90 $120 $100 Unit Sales 1,200,000 900,000 700.000 1,000,000 Interest Expense 3,390,000 2,716,667 2,948,000 4,142,857 Variable Costs (% of Sales) 57% 55% 53% 60% Fixed Costs $9,000,000 $12,000,000 $10,000,000 $11,000,000 Return on Common Equity 11% 10% 9% 8% Common Equity $120,000,000 110,000,000 150,000,000 $140,000,000 Common Shares 13,000,000 12,000,000 15,000,000 14,000,000 1. Using the financial data given in the above table, create income statements for each firm. Assume a common tax rate of 40% for each company. 2. Determine the break-even points in both units and dollars, and the degrees of operating, financial, and combined leverage for each firm. 3. How many units would each company need to sell in order to achieve EBIT of $15M? 4. Create a column chart that shows the various leverage measures for each company. All companies should be in one chart