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Suppose that GBY Corp. currently expects to have EBIT of $300, zero interest expense, and a...

Suppose that GBY Corp. currently expects to have EBIT of $300, zero interest expense, and a tax rate of 21%. GBY Corp. is contemplating an increase in debt so that its interest expense will be $150. Assuming that GBY Corp. pays out all of its net income as a dividend, what will the change in total payout (i.e., the combined total payments to debt and equityholders) be if it increases its debt? Round your answer to two decimals.

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