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Level I
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Corporate Issuers
Corporate Issuers
Medium
Northgate Industries has EBIT of $12 million and interest expense of $3 million. The corporate tax rate is 25%. What is Northgate's degree of financial leverage (DFL)?
A
1.33
B
4.00
C
1.25
D
3.00
Select an answer to continue
Tags
#financial-leverage
#dfl
#ebit
#corporate-finance
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