Use the data provided below to answer the questions. Place your final answers in the provided cells (shaded green). If necessary, show your work in the space provided to the right.

Sales	20,000,000
Variable Costs	8,000,000
Fixed Operating Costs	4,000,000
Interest Expense	2,000,000
Taxes	2,400,000
Common Dividends	500,000
Degree of Operating Leverage
Degree of Financial Leverage
Degree of Total Leverage
Assuming that Sales increases 15% over the next year:
How much will EBIT increase?
How much will Net Income increase?

Show work