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Mullins Corporation has sales revenue of $60,000,000. The company’s fixed costs total $16,000,000 and its variable costs are 36% of sales, while its interest expense is $5,000,000. If the company increases its sales by 20%, how much will it increase its Earnings Per Share? a) 44.14% b) 25.75% c) 34.29% d) 39.03% e) 28.92%

Mullins Corporation has sales revenue of $60,000,000. The company’s fixed costs total $16,000,000 and its variable costs are 36% of sales, while its interest expense is $5,000,000. If the company increases its sales by 20%, how much will it increase its Earnings Per Share?

a) 44.14%
b) 25.75%
c) 34.29%
d) 39.03%
e) 28.92%

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