Given this information, complete the following table and then answer the questions that follow. When performing your calculations, round your EPS and percentage change values to two decimal places. Carter Chemical Company Data DOL (Sales = $80,000,000 DFL (EBIT = $20,000,000) DTL (Sales = $80,000,000) ILI Everything else remaining constant, assume Carter Chemical Company decides to sell 520,000 shares of preferred stock that would pay $4 per share per year in cash dividends. How would this affect Carter's DOL, DFL, and DCL? The DOL would be expected to remain constant The DFL would be expected to increase N The DTL would be expected to increase N . . . You and your colleague, Maya, are currently participating in a finance internship program at Carter Chemical Company. Your current assignment is to work together to review Carter's current and projected income statements. You will also assess the consequences of management's capital structure and investment decisions on the firm's future riskiness. After much discussion, you and Maya decide to calculate Carter's degree of operating leverage (DOL), degree of financial leverage (DFL), and degree of total leverage (DTL) based on this year's data to gain insights into Carter's risk levels. The most recent income statement for Carter Chemical Company follows. Carter is funded solely with debt capital and common equity, and it has 2,000,000 shares of common stock currently outstanding. Sales Less: Variable costs Gross profit Less: Fixed operating costs Net operating income (EBIT) This Year's Data $80,000,000 32,000,000 48,000,000 28,000,000 20,000,000 4,000,000 16,000,000 6,400,000 $9,600,000 $4.80 Next Year's Projected Data $86,000,000 34,400,000 51,600,000 28,000,000 23,600,000 4,000,000 19,600,000 7,840,000 $11,760,000 $5.88 Less: Interest expense Taxable income (EBT) Less: Tax expense (40%) Net income Earnings per share (EPS)