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A firm has the DFL of 2.15 at a given level of EBIT. If EBIT...

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Finance

A firm has the DFL of 2.15 at a given level of EBIT. If EBIT falls by 3.5% from the current level, what will be the change in net income, to the nearest 0.01%? Drop the % symbol, do NOT ignore the negative sign.

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