Question: ( Using degree of operating leverage ) B&L , Inc. s CFO anticipates that if the firm experiences a 1 0 percent increase in sales,

(Using degree of operating leverage) B&L, Inc.s CFO anticipates that if the firm experiences a 10 percent increase in sales, its net operating profits will increase by 60 percent. If B&Ls NOI is $15 million, what level of fixed costs does the firm have?

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