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Financial leverage Max Small has outstanding school loans that require a monthly payment of $1.010. He needs to buy a new car for work and essmates that this purchase wil add $351 per month to his xsting monthily obligations. Max w have s 2.900 avatable afer meeong a" of his montly hngOperang) expenses this amount could eary Sy pan onna ts a. Te assess me pole tal impact ofthe adde 0 al bo owrg on his fnanaal leverage ca iate the DFL n tablar form tr toe he o re" and preosed loan payments Man mla e au base a d at 1% charge b. Can Max c. Should Max take on the addtional loan payment? aford the addtional loan payment? a. To assess the potential impact of the aositional borrowing on his inancial leverage, calculate the DFL in tabular fom for both the curent and proposed loan payments using Mar's avalable $2,900 as a base and a 11% change Complete the table below to compute the ament DFL Rund to the nearest dalar and the percentage change 5a one deamal place ] Current DFL Available for making loan payments Less Existing monthly loan paryments Available after loan payments Complete the table below to compute the preposed OFLRound to the nearest dollar and the percentage change to one decimal place Proposed DEL Available for making loan payments Less Proposed montily loan payments Financial leverage Max Small has outstanding school loans that require a month ly payment of $1,010. He needs to buy a new car for work and estimates that this purchase will add $351 per month to his existing monthly obligations. Max will have $2,980 available after meeting all of his monthly living (operating) expenses. This amount could vary by plus or minus 11%. a. To assess the potential impact of the additional borrowing on his financial leverage, calculate the DFL in tabular form for both the current and proposed loan payments using Max's available $2.980 as a base and a 11% change. b. Can Max afford the additional loan payment? c. Should Max take on the additional loan payment? a. To assess the potential impact of the additional borrowing on his financial leverage, calculate the DFL in tabular form for both the current and proposed loan payments using Max's available $2,980 as a base and a 11% change Complete the table below to compute the current DFL: (Round to the nearest dollar and the percentage change to one decimal place ) Current DFL S| | SL Available for making loan payments Less Existing monthly loan payments +11% Complete the tabie below to compute the proposed UFHL: (Round to the nearest dollar and the perc Proposed DFL Available for making loan payments $ | | +11% Less: Proposed monthly loan payments s Available after loan payments The current DFL is(Round to two decimal places.) Enter any number in the edit fields and then continue to the next