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The Sheridan Co. is going to take on a project that is expected to increase its EBIT by $90,000, its fixed cost cash expenditures by
The Sheridan Co. is going to take on a project that is expected to increase its EBIT by $90,000, its fixed cost cash expenditures by $88,000, and its depreciation and amortization by $70,000 next year. If the project yields an additional 10 percent in revenue, what percentage increase in the projects EBIT will result from the additional revenue? (Round answer to 1 decimal place, e.g. 15.2.)
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