Why is EBIT generally considered independent of financial leverage? Why might EBITactually be affected by financial leverage at high debt levels?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter16: Capital Structure Decisions
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Why is EBIT generally considered independent of financial leverage? Why might EBIT
actually be affected by financial leverage at high debt levels?

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