Business, 05.05.2020 03:59, wade98

Grommit Engineering expects to have net income next year of $ 40.13 million and free cash flow of $ 22.34 million. Grommit's marginal corporate tax rate is 30 %. a. If Grommit increases leverage so that its interest expense rises by $ 16.1 million, how will net income change? b. For the same increase in interest expense, how will free cash flow change?

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Grommit Engineering expects to have net income next year of $ 40.13 million and free cash flow of $...