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The answer is supposed to be B but I do not know why 13 Will Witham, Inc. has sales revenue of $26,000,000. The company's fixed
The answer is supposed to be B but I do not know why
13 Will Witham, Inc. has sales revenue of $26,000,000. The company's fixed costs total $10,000,000, its variable costs are 30 percent of sales, and its interest expense is $1,000,000. If the company wants to increase its EPS by 30%, how much will it need to increase its EBIT? a. 24.88 percent b. 26.34 percent c. 27.70 percent d. 28.13 percent e. 34.17 percent 79Step by Step Solution
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