Stumpys Gator Farm forecasts that its net income will be $46,800 this year. The firms marginal tax
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Stumpy’s Gator Farm forecasts that its net income will be $46,800 this year. The firm’s marginal tax rate is 35 percent, and it must pay $36,000 interest on outstanding debt. Stumpy’s has no preferred stock. What is the firm’s degree of financial leverage (DFL)?
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Net income 46800 Marginal tax rate ...View the full answer
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