Sales $21,225,000
Variable costs $12,350,000
Fixed operating costs $6,360,000
EBIT $1,825,000
Interest expense $365,000
EBT $1,825,000
Taxes (20%) $365,000
Net Income $1,460,000
Shares outstanding 400,000
Earnings per share (EPS) $3.65
If the firm's operating leverage (OL) = 2 and the financial leverage (FL) = 1.1, if sales increase by 20%, by what percentage will EBIT change?
Report your answer to the nearest who percent and do not include the % sign. For example, if the answer is 15.23% report 15 as your final answer.