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Parker Investments has EBIT of $19,200, interest expense of $2,950, and preferred dividends of $4,040....

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Accounting

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Parker Investments has EBIT of $19,200, interest expense of $2,950, and preferred dividends of $4,040. If it pays taxes at a rate of 38%, what is Parker's degree of financial leverage (DFL) at a base level of EBIT of $19,200? 5. The degree of financial leverage is (Round to two decimal places.)

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