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Last year, Cayman Corporation had sales of $6,690,734, total variable costs of $2,870,893, and total...

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Finance

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Last year, Cayman Corporation had sales of $6,690,734, total variable costs of $2,870,893, and total fixed costs of $1.522.035. In addition, they paid $480.000 in interest to bondholders. Cayman has a 21% marginal tax rate. If Caymar's sales increase 9%, what should be the increase in earning per share SET YOUR CALCULATOR TO 4 DECIMAL PLACES. ROUND TO 2 DECIMAL PLACES AT THE END. DO NOT ENTER THE SIGN. FOR EXAMPLE, IF YOUR ANSWER IS 9.4567. ENTER IT AS 9.46

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