Grommit engineering | Accounting homework help
Chapter 15 2. Grommit Engineering expects to have net income next year of $20.75 million and free cash flow of $22.15 million. Grommits marginal corporate tax rate is 35%. a. If Grommit increases leverage so that its interest expense rises by $1 million, how will its net income change? b. For the same increase in interest expense, how will free cash flow change? […]