A corporation has $5,000,000 of 10 percent bonds and $3,000,000 of 12 percent
Preferred stock outstanding. The firm's financial breakeven (assuming a 40 percent tax rate) is

A) $860,000 b) $716,000 C) $1,400,000 D)$1,100,000

Please I need CORRECT answer ASAP. Thx

Here is a novel Concept... how about trying it yourself first. I know it will impact on your texting time but give it a try.

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