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Use the information for the question(s) below.
Fly by Night Aviation (FBNA) expects to have net income next year of $24 million and free cash flow of $27 million. FBNA's marginal corporate tax rate is 40%.
-IF FBNA increases leverage so that its interest expense rises by $1 million,then the amount its free cash flow will change is closest to:
Matrix
A surrounding substance or environment in which something else develops, operates, or is contained; in biology, the intercellular substance of a tissue.
Modified Wave
A scheduling strategy used in healthcare settings to allow for both walk-in and scheduled appointments, aiming to reduce waiting times and improve patient flow.
Cluster
A group of similar things or people positioned or occurring closely together.
Referral
The process of directing someone to another professional or agency for additional services or expertise.
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