Question: Please answer all parts showing full work and equations! (5 pts) The Mica Company has an EBIT of $5.28 million, and total capital of $60

Please answer all parts showing full work and equations!

(5 pts) The Mica Company has an EBIT of $5.28 million, and total capital of $60 million. The company pays 8% interest on its debt and is subject to a total tax rate of 25%. At the current profitability, will borrowing more money (taking on more debt) enhance the company's results

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