SOLUTION: I need to understand this problem. I can not seem to isolate the "i" which is interest. I have worked and re-worked to no avail. The formula I used for solving this problem is DCL=

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Question 175859This question is from textbook fundamentals of contemporary financial management
: I need to understand this problem. I can not seem to isolate the "i" which is interest. I have worked and re-worked to no avail. The formula I used for solving this problem is DCL= 3.0= Sales - Variable Cost/EBIT-1
Where Sales = 10,000,000
Variable Cost = 5,000,000
EBIT = 2,000,000
DCL = 3.0
Solving for i
Thank you for your help
Cindy This question is from textbook fundamentals of contemporary financial management

Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
There is no "i" in the expression and why does it have
more than one equality sign?
Cheers,
Stan H.